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Fly News Breaks for September 30, 2019
SLG
Sep 30, 2019 | 17:14 EDT
As previously reported, Stifel analyst John Guinee downgraded SL Green Realty to Hold from Buy and lowered his price target to $82 from $90. The analyst cited "uninspiring" office and retail fundamentals in Manhattan, the perception of high leverage metrics for all except debt to asset value, the uncertainty of earnings strength after 2020, and "confusion as SLG goes down a very unique and untested path."
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