NNN REIT price target raised to $46 from $45 at BofA

BofA analyst Jana Galan raised the firm’s price target on NNN REIT (NNN) to $46 from $45 and keeps an Underperform rating on the shares. The company is updating its price targets for triple-net REITs under its coverage following Q4 results, the analyst tells investors. Key points include acquisition activity remained elevated in Q4, most net lease REITs expect to maintain 100-150bp investment spreads, and potential upside to guidance from increased investment activity, the firm says