Global Net Lease upgraded to Outperform from Market Perform at JMP Securities

JMP Securities upgraded Global Net Lease (GNL) to Outperform from Market Perform with a $9 price target The company’s strategic pivot to reduce leverage has failed to be recognized by the investment community, the analyst tells investors in a research note. The firm views Global Net Lease’s decision to embark on a de-leveraging strategy in a positive light and has been impressed with its progress to date. It believes the company is a beneficiary of increased activity within the investment sales market, which should further accelerate the de-leveraging strategy.