Evercore ISI analyst James Kammert initiated coverage of NNN REIT (NNN) with an In Line rating and $42 price target NNN “embraces conservative external growth and financing strategies,” says the analyst, who anticipates that investor preference is for faster growers. The firm prefers to remain on the sidelines given near-to-intermediate term known and feared tenant credit headwinds and expected “modest” FY25 year-over-year AFFO growth, the analyst tells investors.
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