Exane BNP Paribas Downgrades Netstreit to Neutral, Announces $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Nate Crossett downgraded Netstreit (NYSE:NTST) from Outperform to Neutral and set a price target of $17. This change in rating may influence the company's stock performance in the short term.
December 13, 2023 | 1:43 pm
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NEGATIVE IMPACT
Netstreit's downgrade from Outperform to Neutral by Exane BNP Paribas, along with a new price target of $17, could lead to a neutral or slightly negative short term impact on the stock.
Downgrades by analysts can often lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The setting of a price target can also influence investor expectations and stock valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100