Broadstone Net Lease price target raised to $20 from $19 at BMO Capital

BMO Capital raised the firm’s price target on Broadstone Net Lease (BNL) to $20 from $19 and keeps an Outperform rating on the shares after meeting with its management team, with discussions centered around the REIT’s revised strategy focused on build-to-suit developments and revenue generating capex as it looks to create value and solve tenant problems. BNL’s goal is to deliver mid-single-digit earnings growth in 2026 and thereafter, the analyst tells investors in a research note.