New York Office REIT Sell-Off Overdone After NYC Mayoral Primary, Analyst Says - Barron's
1. SL Green stock fell 5.7% due to election concerns. 2. Analyst Goldfarb maintains Overweight rating with a $72 target. 3. Mamdani's proposals may deter corporate renting but haven't specified office rents. 4. Market recovery seen with SLG and Vornado gaining over 2% recently. 5. NYC relies on top taxpayers, potential flight could harm revenue significantly.