Citigroup Lowers Price Target on SL Green Realty (SLG) to $45
Published on 4/1/2026
AI Summary
On March 24, 2026, Citigroup lowered its price target for SL Green Realty Corp. (SLG) to $45 from $55, maintaining a Buy rating. Earlier, on March 19, 2026, SLG refinanced $2.0 billion of its $2.4 billion corporate credit facility, extending its maturity to June 2031 and reducing borrowing costs by 25 basis points. The company maintained a $1.25 billion revolving credit line with new terms. Deutsche Bank had also recently upgraded SLG to Buy with a price target of $44, citing positive market outlook factors.
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