Broadstone Net Lease price target raised to $18 from $17 at Truist

Truist raised the firm’s price target on Broadstone Net Lease (BNL) to $18 from $17 and keeps a Hold rating on the shares. Results were mostly in-line to expectations, and the company continues to add to build to suit its development pipeline, the analyst tells investors in a research note. The firm, which said there were “no major surprises” in the earnings release, added that management has done a good job of keeping leverage low and methodically building up its development business, achieving higher yields, and not pursuing thin margin acquisitions.