JMP Securities analyst Mitch Germain upgraded Broadstone Net Lease (BNL) to Outperform from Market Perform with a $21 price target The firm believes progress from the company’s portfolio rationalization strategy is not priced into the shares. JMP has “been impressed” by Broadstone ‘s progress in reducing exposure to clinical healthcare assets, and says the company’s investment pipeline is expanding and should result in improved quality of rents.
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