The Analyst Landscape: 4 Takes On Broadstone Net Lease
Portfolio Pulse from Benzinga Insights
Broadstone Net Lease (NYSE:BNL) has received mixed analyst ratings over the last quarter, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for BNL has been adjusted to $17.00, down from $17.50, reflecting a decrease of 2.86%. Analysts from Goldman Sachs, Truist Securities, and JP Morgan have provided varying ratings and price targets, indicating diverse perspectives on BNL's performance. Despite a dominant market capitalization, BNL has experienced a revenue decline of -6.36% over the past three months and faces challenges in profitability and asset utilization, with below-average net margin, ROE, and ROA.
March 07, 2024 | 12:00 pm
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Broadstone Net Lease has seen a shift towards a bearish outlook from analysts, with a revised average price target of $17.00. The company faces revenue decline and profitability challenges, impacting its short-term performance.
The bearish shift in analyst ratings and the decrease in the average price target reflect growing concerns about BNL's financial health and market performance. The reported revenue decline and below-average profitability metrics further substantiate the potential negative impact on BNL's stock price in the short term.
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