Netstreit upgraded to Strong Buy from Outperform at Raymond James

Raymond James upgraded Netstreit to Strong Buy from Outperform with a price target of $19, down from $20. The firm increased estimates and price targets for the majority of the net-lease real estate investment trusts. It continues to be bullish across the sector, saying lower rates and higher stock prices have improved the cost of capital, which should translate into better accretion and higher out-year estimates. The analyst upgraded EPR Properties (EPR) and Netstreit (NTST) largely based on valuation. The two have lagged the net-lease sector year-to-date, with the bulk of the underperformance being driven by headline risk, not financial risk, contends Raymond James.