NNN REIT price target lowered to $46 from $47 at Barclays

Barclays lowered the firm’s price target on NNN REIT (NNN) to $46 from $47 and keeps an Overweight rating on the shares. The firm updated real estate investment trust net lease models post the Q1 reports. Tenant creditworthiness is a “non-issue so far this year, judging by the REITs’ relative performance stack,” the analyst tells investors in a research note. However, the firm is not inclined to dismiss credit’s importance just yet.