UBS Bumps Its Target Price For SL Green Realty (SLG)

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UBS raised its target price for SL Green Realty (NYSE:SLG) to $76 from $70 and maintained its neutral rating on the stock.SLG has the most exposure in the sector to the New York City office market, with 82% of its holdings in midtown Manhattan alone. UBS currently sees demand outstripping supply by a wide margin in the New York office market.Shares of SL Green Realty are trading up 1.46% at $76.30.

Credit: Financial News Network

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