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.
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