SunTrust analyst Michael Lewis lowered his price target on SL Green Realty to $100 after its Q3 results, updating his model to reflect the sale of 220 East 42nd Street, its "known tenant move-outs" including Ralph Lauren, and the "assumed sale" of an interest in One Madison. The analyst also keeps his Buy rating on the REIT, saying his valuation assumes a "conservative approach" going into its December guidance. Lewis added that the upside in his price target can be realized by leasing or One Vanderbilt, re-leasing known tenant move-outs, and monetizing its other assets to buy back shares at a depressed valuation.