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Fly News Breaks for May 9, 2016
CUZ, SLG
May 9, 2016 | 08:37 EDT
SunTrust named St. Green Realty (SLG) as a top pick. The firm is upbeat on St. Green Realty's valuation, as it thinks that the stock price more than adequately reflects risks posed by the New York market. Moreover, SunTrust believes that St. Green's joint venture with One Vanderbilt will provide a catalyst for the stock and lower its risk. SunTrust removed Cousins Properties (CUZ) from its top picks list, saying that St. Green has significantly higher return potential. It keeps Buy ratings on both stocks.