Netstreit price target lowered to $17 from $19 at Raymond James

Raymond James lowered the firm’s price target on Netstreit (NTST) to $17 from $19 and keeps a Strong Buy rating on the shares. Netstreit announced an additional $275M in financial commitments including a $175M term loan at an attractively priced all-in fixed interest rate of 5.12%, and was able to amend its credit facility and Wells Fargo term loan out to 2029, which Raymond James views as a meaningful positive as investors have become increasingly concerned about out-year refinancing risk/headwinds given the higher for longer interest rate backdrop, the analyst says in a research note.