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Netstreit initiated with a Buy at UBS

UBS initiated coverage of Netstreit with a Buy rating and $19 price target The firm recommends buying Netstreit as it expects accelerating external growth “at an overly discounted valuation.” The company has a “defensive” retail portfolio concentrated in necessity and discount tenants, the analyst tells investors in a research note. UBS says consistent accretive growth is a catalyst that should help restore Netstreit’s valuation.

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