Broadstone Net Lease price target raised to $19 from $18 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Broadstone Net Lease (BNL) to $19 from $18 and keeps an Equal Weight rating on the shares. The firm noted its risk/reward case for Broadstone has been updated, as it has increased its FY25 AFFO estimate for the company. Broadstone’s differentiated strategy is a positive, though the firm is still taking a “wait and see” approach, the analyst tells investors in a research note.