Truist Securities Maintains Buy on Netstreit, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has maintained a Buy rating on Netstreit (NYSE:NTST) but has reduced the price target from $22 to $18.
November 27, 2023 | 4:59 pm
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NEUTRAL IMPACT
Truist Securities analyst reaffirms a Buy rating on Netstreit but lowers the price target from $22 to $18, indicating a potential downside from the previous target but maintaining a positive outlook.
The reduction in price target suggests that there may be factors that could limit Netstreit's stock price growth or that the market conditions have changed, leading to a more conservative valuation. However, maintaining a Buy rating implies that the analyst still sees positive fundamentals or growth prospects for the company. The impact on the stock price is likely to be neutral in the short term as the lowered price target could be offset by the reaffirmed Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100