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Fly News Breaks for July 13, 2015
SLG
Jul 13, 2015 | 06:30 EDT
Goldman downgraded SL Green to Sell and lowered its price target to $105 from $122. The firm sees risk of higher short-term interest rates, high leverage that will make it difficult to fund future acquisitions, a highly competitive market to deploy new capital, and compressing spreads on debt and preferred investments.