Piper Sandler: 'Be Brave, Buy SL Green Realty (SLG)'

Piper Sandler analyst Alexander Goldfarb reiterated an Overweight rating and $72.00 price target on SL Green Realty (NYSE: SLG).

The analyst commented: "Be brave, buy SLG. Since October 1, SLG is down 15% versus BXP -7% and VNO -8%, with YTD similar with SLG -24%, BXP -4%, and VNO -10%. We think the "sell Mamdani" trade is being expressed primary through SLG, despite the company having worked well with the last progressive mayor, Bill de Blasio. If businesses truly thought Zohran Mamdani was going to upend their world, we doubt 3Q25 office leasing would have been so robust. Thus, we believe the mayoral election on Tuesday, November 4, is overly priced in to SLG."

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 $51.35 yesterday.

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