Raymond James analyst RJ Milligan downgraded NNN REIT (NNN) to Market Perform from Outperform without a price target Raymond James adjusted ratings in the net lease real estate investment trust group given the year-to-date performance in several names. NNN offers lower growth in 2026 relative to peers along with a higher cost of capital, the analyst tells investors in a research note. It believes the shares are now longer “too cheap to ignore” after rallying 15% in 2026.
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