KeyBanc upgraded Global Net Lease (GNL) to Overweight from Sector Weight with a $9 price target The firm repositioned ratings in the net lease group post the Q2 reports. The upgrade of Global Net Lease is based on the company’s better than expected execution on its capital recycling program, the analyst tells investors in a research note. KeyBanc sees an improving balance sheet and leverage profile as well as attractive valuation for the company.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNL:
- Global Net Lease’s Strategic Moves Highlighted in Earnings Call
- Global Net Lease Reports Strategic Progress and Financial Updates
- Global Net Lease Completes $1.8 Billion Portfolio Sale
- Colliers upgrades Global Net Lease to Buy on attractive valuation
- Global Net Lease upgraded to Buy from Neutral at Colliers