Truist Securities Maintains Buy Rating for Netstreit: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Netstreit Corp (NYSE:NTST) but lowered its price target from $22.00 to $18.00. Netstreit's shares are currently trading at $15.56, down 0.13% over the last 24 hours. An increase to the new price target would represent a 15.68% upside. Netstreit is a REIT that focuses on acquiring and managing commercial single-tenant lease properties.
November 27, 2023 | 5:00 pm
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POSITIVE IMPACT
Truist Securities reaffirms a Buy rating for Netstreit but reduces the price target from $22 to $18, indicating a potential upside of 15.68% from the current price of $15.56.
The maintenance of a Buy rating by Truist Securities suggests a positive outlook on Netstreit's stock, which could instill investor confidence and potentially drive the stock price up in the short term. However, the reduction in the price target may temper some of the positive sentiment, as it suggests a more conservative valuation by the analyst. The potential upside of 15.68% to the new target price is significant and could influence investor behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100