BTIG lowered the firm’s price target on Broadstone Net Lease (BNL) to $21 from $22 and keeps a Buy rating on the shares. The company’s Investor Day provided a good backdrop of the progress that the REIT has made in reforming its portfolio as well as its ability to differentiate itself from the rest of the Net Lease sector, the analyst tells investors in a research note. Regarding new investments, it was also clear to us that BNL has successfully built a platform for growth that carries advantages over relying just on marketed transactions, the firm added.
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