Mizuho initiated coverage of Netstreit with a Neutral rating and $15 price target. The analyst expects the company’s tenant bankruptcy risk and consumer headwinds to remain “relatively muted” near-term. However, the primary headwind for the stock today is the macroeconomic environment and the impact of Netstreit’s elevated cost of capital on its investment spread, the analyst tells investors in a research note.
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Read More on NTST:
- KeyBanc downgrades Netstreit to Underweight on estimate risk
- Netstreit downgraded to Underweight from Sector Weight at KeyBanc
- BofA upgrades two skilled nursing REITs, downgrades three net lease REITs
- Netstreit downgraded to Underperform from Neutral at BofA
- Netstreit price target lowered to $20 from $21 at Stifel
