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Jefferies Upgrades SL Green Realty (SLG) to Buy

January 12, 2015 7:24 AM EST
Get Alerts SLG Hot Sheet
Price: $51.04 +1.03%

Rating Summary:
    9 Buy, 14 Hold, 7 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 35
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Jefferies upgraded SL Green Realty (NYSE: SLG) from Hold to Buy with a price target of $142.00 (from $130.00).

Analyst Omotayo Okusanya commented, "We are upgrading shares of SLG to Buy from Hold to reflect improving fundamentals in NYC that should help lift SSNOI growth for the company, as well as a very robust development pipeline. Moreover, we find shares trade at a very attractive valuation relative to the other CBD office REITs."

The firm raised FY 2015 FFO from $6.24 to $6.27.

For an analyst ratings summary and ratings history on SL Green Realty click here. For more ratings news on SL Green Realty click here.

Shares of SL Green Realty closed at $125.20 yesterday.



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