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Netstreit initiated with an Overweight at Wells Fargo

Wells Fargo analyst John Kilichowski initiated coverage of Netstreit (NTST) with an Overweight rating and $18 price target The firm forecasts above-consensus 2025 AFFO growth and views valuation as well below the Street value of its assets. Wells sees Netstreit’s defensive tenant strategy and yield as particularly relevant given the current macro backdrop.

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