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Fly News Breaks for March 9, 2018
SLG
Mar 9, 2018 | 07:21 EDT
As reported earlier, SunTrust analyst Michael Lewis downgraded SL Green Realty to Hold from Buy and lowered his price target to $108 from $111. The analyst states that while he is positive on the stock's "deep discount" relative to NAV as well as its share repurchase program, he sees the "above-average financial leverage" as a risk in the rising interest rate environment.
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