Global Net Lease initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of Global Net Lease (GNL) with a Buy rating and $10 price target The company owns an international portfolio of net leased industrial and distribution facilities, multi-tenant retail, single-tenant retail and single-tenant office properties, the analyst tells investors in a research note. The firm says the shares offer investors potential for meaningful multiple expansion as Global Net continues to deleverage its balance sheet.