As previously reported, BofA Merrill Lynch analyst James Feldman upgraded SL Green Realty to Buy from Neutral with a price target of $103, up from $88, after the company introduced better than expected 2020 guidance and impressed him by bumping the distribution while planning to sell assets and repurchase shares to improve portfolio quality and close the NAV gap. Additionally, the firm's NYC Broker Dinner gave an optimistic view of New York City for 2020, with good demand for new and renovated spaces, which should help SL Green, Feldman tells investors.