Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

UPDATE: Bank Of America Downgrades National Retail Properties On Valuation

Share:

In a report published Tuesday, Bank of America analyst Juan C. Sanabria downgraded the rating on National Retail Properties (NYSE: NNN) from Buy to Neutral, but reiterated the $37.00 price target.

In the report, Bank of America noted, “NNN's portfolio of diversified net lease retail assets has provided the company with a stable and predictable income stream. Fundamentals are recovering and should lead to modest internal growth. The acquisition environment looks favorable, but may be impacted by rising interest rates, which could limit external growth with competition likely to keep cap rates sticky.”

National Retail Properties closed on Monday at $37.15.

Latest Ratings for NNN

DateFirmActionFromTo
Feb 2019DowngradesBuyNeutral
Jan 2019UpgradesMarket PerformOutperform
Dec 2018DowngradesOutperformSector Perform

View More Analyst Ratings for NNN
View the Latest Analyst Ratings

Posted-In: Bank of America Juan C. SanabriaAnalyst Color Downgrades Analyst Ratings

 

Related Articles (NNN)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
HELEMaintains160.0
JWNMaintains32.0
DYMaintains64.0
PSTGMaintains18.0
TJXMaintains56.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Benzinga's Top #PreMarket Gainers

UPDATE: Bank Of America Upgrades Spirit Realty Capital On Valuation