B of A Securities Downgrades Netstreit to Underperform, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Dennerlein has downgraded Netstreit (NYSE:NTST) from Neutral to Underperform and lowered the price target from $20 to $15.
October 10, 2023 | 11:53 am
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NEGATIVE IMPACT
Netstreit's rating has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $20 to $15.
The downgrade from Neutral to Underperform by B of A Securities indicates a negative outlook for Netstreit. The lowered price target from $20 to $15 suggests that the analyst believes the stock is overvalued at current levels, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100