J.P. Morgan Maintains Overweight on SL Green Realty

J.P. Morgan is out with its report today on SL Green Realty SLG, maintaining Overweight. In a note to clients, J.P. Morgan writes, "We rate SLG Overweight, as we believe its core NYC office portfolio will generate above-average core growth in an economic recovery, and the company's external growth prospects (acquisitions, redevelopment) and structured finance portfolio should also contribute to strong bottom-line earnings growth in an economic recovery." J.P. Morgan maintains an $87 PT on SLG. Shares of SLG closed Tuesday at $86.27, down 0.88% from Monday's close.