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Fly News Breaks for September 9, 2015
SLG
Sep 9, 2015 | 07:38 EDT
As noted earlier, Stifel upgraded SL Green to Buy from Hold. The firm says that investor sentiment appears to have bottomed, and it predicts that REITs could benefit from an upcoming rally in low-risk equities. Stifel is upbeat on SL Green's portfolio, which is focused on Manhattan office buildings. The firm says that the Manhattan office portfolio has attractive lease rates and limits the REIT's downside. Target $112.
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