BTIG raised the firm's price target on Broadstone Net Lease to $23 from $21 and keeps a Buy rating on the shares. The firm attributes the stock's strong performance to continued momentum within their internal build-to-suit growth engine, improving transaction markets and portfolio reposition, as well as a solid capital position, the analyst tells investors in a research note. BTIG adds that it expects Broadstone to remain opportunistic, leveraging the forward program and potential windows in the debt market to maintain a solid capital structure for growth.
