UPDATE: Morgan Keegan Upgrades National Retail Properties to Outperform

Morgan Keegan has upgraded National Retail Properties

from Market Perform to Outperform and has raised the price target from $26 to $30 in a research report out today. In the report, Morgan Keegan writes, "We are upgrading NNN shares from a Market Perform to an Outperform rating. While the portfolio offers defensive characteristics, the shares have underperformed recently, and the near-term growth opportunities remain solid. Our revised Price Target is $30.00 per share, which represents 17.6x our 2012 FAD estimate and a 6.5% forward implied cap rate." Shares of National Retail Properties are trading at $26.68, down 0.45% from yesterday's close.