BofA analyst Joshua Dennerlein raised the firm’s price target on NNN Reit to $37 from $35 and keeps an Underperform rating on the shares after updating the firm’s model for Q3 results. Incrementally, news flow has become more supportive of the net lease REIT sub-sector, but the firm still believes at this time that it is “too early to signal the all clear for the sub-sector,” the analyst tells investors.
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