KeyBanc upgraded Broadstone Net Lease (BNL) to Overweight from Sector Weight with a $20 price target The firm repositioned ratings in the net lease group post the Q2 reports. The upgrade of Broadstone is based on an increase in the company’s accretive transaction activity, the analyst tells investors in a research note. The firm says Broadstone is expanding its build-to-suit development pipeline with better than expected execution.
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