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Recommendations
Broadstone Net Lease price target raised to $25 from $23 at Truist » 16:54
06/24/21
06/24
16:54
06/24/21
16:54
BNL

Broadstone Net Lease

$23.48 /

-0.57 (-2.37%)

Truist analyst Ki Bin Kim…

Truist analyst Ki Bin Kim raised the firm's price target on Broadstone Net Lease to $25 from $23 and keeps a Buy rating on the shares. The analyst lowered his AFFO estimates for FY21 and FY22 based on the recent equity raise of 10M shares. Kim said the decline is due to the timing associated with capital deployment.

ShowHide Related Items >><<
BNL Broadstone Net Lease
$23.48 /

-0.57 (-2.37%)

BNL Broadstone Net Lease
$23.48 /

-0.57 (-2.37%)

06/22/21 BTIG
Broadstone Net Lease price target raised to $27 from $21 at BTIG
06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
BNL Broadstone Net Lease
$23.48 /

-0.57 (-2.37%)

  • 24
    Jun
  • 17
    Sep
BNL Broadstone Net Lease
$23.48 /

-0.57 (-2.37%)

Syndicate
Broadstone Net Lease 10M share Spot Secondary priced at $23.00 » 06:19
06/24/21
06/24
06:19
06/24/21
06:19
BNL

Broadstone Net Lease

$24.08 /

+0.37 (+1.56%)

Goldman Sachs and BMO…

Goldman Sachs and BMO Capital acted as joint book running managers for the offering.

ShowHide Related Items >><<
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

06/22/21 BTIG
Broadstone Net Lease price target raised to $27 from $21 at BTIG
06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

  • 24
    Jun
  • 17
    Sep
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

On The Fly
Fly Intel: After-Hours Movers » 18:58
06/23/21
06/23
18:58
06/23/21
18:58
SCS

Steelcase

$14.49 /

+0.04 (+0.28%)

, RCUS

Arcus Biosciences

$23.40 /

+0.67 (+2.95%)

, FSP

Franklin Street

$5.27 /

-0.13 (-2.41%)

, KBH

KB Home

$43.35 /

+0.1 (+0.23%)

, CNXC

Concentrix

$157.11 /

+2.23 (+1.44%)

, FUL

H.B. Fuller

$65.62 /

-0.885 (-1.33%)

, PRTG

Portage Biotech

$35.28 /

+2.38 (+7.23%)

, BNL

Broadstone Net Lease

$24.08 /

+0.37 (+1.56%)

, TALO

Talos Energy

$18.60 /

+0.47 (+2.59%)

, BYND

Beyond Meat

$147.37 /

-0.47 (-0.32%)

Check out this evening's…

ShowHide Related Items >><<
TALO Talos Energy
$18.60 /

+0.47 (+2.59%)

SCS Steelcase
$14.49 /

+0.04 (+0.28%)

RCUS Arcus Biosciences
$23.40 /

+0.67 (+2.95%)

KBH KB Home
$43.35 /

+0.1 (+0.23%)

FUL H.B. Fuller
$65.62 /

-0.885 (-1.33%)

FSP Franklin Street
$5.27 /

-0.13 (-2.41%)

CNXC Concentrix
$157.11 /

+2.23 (+1.44%)

BYND Beyond Meat
$147.37 /

-0.47 (-0.32%)

BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

SCS Steelcase
$14.49 /

+0.04 (+0.28%)

05/11/21 Berenberg
Berenberg starts 'market leader' Steelcase at Buy
05/11/21 Berenberg
Steelcase initiated with a Buy at Berenberg
05/07/21 Benchmark
Benchmark upgrades Steelcase to Buy on signs of recovery in commercial furniture
05/07/21 Benchmark
Steelcase upgraded to Buy from Hold at Benchmark
RCUS Arcus Biosciences
$23.40 /

+0.67 (+2.95%)

02/25/21 Barclays
Arcus Biosciences price target raised to $45 from $40 at Barclays
02/25/21 Mizuho
Arcus Biosciences price target raised to $43 from $40 at Mizuho
01/20/21 Citi
Arcus Biosciences price target raised to $51 from $32 at Citi
01/19/21 Wedbush
Arcus Biosciences price target raised to $55 from $48 at Wedbush
FSP Franklin Street
$5.27 /

-0.13 (-2.41%)

KBH KB Home
$43.35 /

+0.1 (+0.23%)

06/15/21 Wedbush
Wedbush sees pullback in KB Home shares as buying opportunity
04/15/21 Wells Fargo
KB Home initiated with an Overweight at Wells Fargo
03/29/21 Argus
KB Home's new orders were 'stellar', says Argus
03/25/21 Keefe Bruyette
KB Home price target raised to $48 from $44 at Keefe Bruyette
CNXC Concentrix
$157.11 /

+2.23 (+1.44%)

06/15/21 Barrington
Concentrix initiated with an Outperform at Barrington
01/07/21 Cross Research
Concentrix initiated with a Buy at Cross Research
12/08/20 Stifel
Synnex downgraded to Hold from Buy at Stifel
12/07/20 BofA
Concentrix initiated with a Buy at BofA
FUL H.B. Fuller
$65.62 /

-0.885 (-1.33%)

03/29/21 Deutsche Bank
H.B. Fuller price target raised to $65 from $56 at Deutsche Bank
03/26/21 Baird
H.B. Fuller price target raised to $72 from $65 at Baird
01/27/21 Deutsche Bank
H.B. Fuller price target raised to $56 from $48 at Deutsche Bank
01/04/21 Baird
H.B. Fuller upgraded to Outperform, added to 2021 top picks at Baird
PRTG Portage Biotech
$35.28 /

+2.38 (+7.23%)

BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

06/22/21 BTIG
Broadstone Net Lease price target raised to $27 from $21 at BTIG
06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
TALO Talos Energy
$18.60 /

+0.47 (+2.59%)

06/08/21
Fly Intel: Top five analyst initiations
06/08/21 Citi
Talos Energy initiated with a Buy at Citi
05/03/21 Roth Capital
Talos Energy price target raised to $18 from $13 at Roth Capital
04/13/21 Stifel
BP discovery holds over 100MMboe of potential net to Talos interest, says Stifel
BYND Beyond Meat
$147.37 /

-0.47 (-0.32%)

06/23/21 JPMorgan
Beyond Meat breakfast sandwich discontinued at Dunkin', says JPMorgan
05/24/21
Fly Intel: Top five analyst upgrades
05/24/21 Bernstein
Beyond Meat upgraded to Outperform from Underperform at Bernstein
05/11/21 Barclays
Beyond Meat price target lowered to $90 from $100 at Barclays
TALO Talos Energy
$18.60 /

+0.47 (+2.59%)

SCS Steelcase
$14.49 /

+0.04 (+0.28%)

RCUS Arcus Biosciences
$23.40 /

+0.67 (+2.95%)

KBH KB Home
$43.35 /

+0.1 (+0.23%)

FUL H.B. Fuller
$65.62 /

-0.885 (-1.33%)

CNXC Concentrix
$157.11 /

+2.23 (+1.44%)

BYND Beyond Meat
$147.37 /

-0.47 (-0.32%)

BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

  • 24
    Jun
  • 24
    Jun
  • 24
    Jun
  • 09
    Dec
  • 17
    Sep
TALO Talos Energy
$18.60 /

+0.47 (+2.59%)

KBH KB Home
$43.35 /

+0.1 (+0.23%)

BYND Beyond Meat
$147.37 /

-0.47 (-0.32%)

TALO Talos Energy
$18.60 /

+0.47 (+2.59%)

SCS Steelcase
$14.49 /

+0.04 (+0.28%)

KBH KB Home
$43.35 /

+0.1 (+0.23%)

FUL H.B. Fuller
$65.62 /

-0.885 (-1.33%)

BYND Beyond Meat
$147.37 /

-0.47 (-0.32%)

SCS Steelcase
$14.49 /

+0.04 (+0.28%)

KBH KB Home
$43.35 /

+0.1 (+0.23%)

FUL H.B. Fuller
$65.62 /

-0.885 (-1.33%)

CNXC Concentrix
$157.11 /

+2.23 (+1.44%)

BYND Beyond Meat
$147.37 /

-0.47 (-0.32%)

Syndicate
Broadstone Net Lease files to sell 10M shares of common stock » 16:20
06/23/21
06/23
16:20
06/23/21
16:20
BNL

Broadstone Net Lease

$24.08 /

+0.37 (+1.56%)

Goldman Sachs & Co.…

Goldman Sachs & Co. LLC and BMO Capital Markets are acting as joint lead book-running managers for the proposed offering.

ShowHide Related Items >><<
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

06/22/21 BTIG
Broadstone Net Lease price target raised to $27 from $21 at BTIG
06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

  • 17
    Sep
Syndicate
Broadstone Net Lease files to sell 10M shares of common stock » 16:19
06/23/21
06/23
16:19
06/23/21
16:19
BNL

Broadstone Net Lease

$24.08 /

+0.37 (+1.56%)

Goldman Sachs & Co.…

Goldman Sachs & Co. LLC and BMO Capital Markets are acting as joint lead book-running managers for the proposed offering.

ShowHide Related Items >><<
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

06/22/21 BTIG
Broadstone Net Lease price target raised to $27 from $21 at BTIG
06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

  • 17
    Sep
Hot Stocks
Broadstone Net Lease says portfolio 99.7% occupied as of May 31 » 16:14
06/23/21
06/23
16:14
06/23/21
16:14
BNL

Broadstone Net Lease

$24.08 /

+0.37 (+1.56%)

In its Q2 update, the…

In its Q2 update, the company states: "Quarter-to-date, we have invested $134.5M, excluding capitalized acquisition costs, to acquire 14 properties at a weighted average initial cash cap rate of 6.2%. "Cash cap rate" represents the first-year cash yield estimated by us to be generated by a property that we acquire, based on the contractually specified base rent in place for the first full year after the date of our acquisition, divided by the purchase price of the property. The acquisitions included properties in industrial and retail asset classes located across 13 states with a weighted average initial lease term and minimum annual base rent increases of 14.7 years and 1.3%, respectively. Year-to-date, we have acquired 42 properties in 8 separate transactions for a total of $221.8M. We continue to build and evaluate a robust pipeline of potential investment opportunities predominantly focused on industrial, healthcare, and retail property sectors and currently have $176.6M of properties under control, which we define as under contract or executed letter of intent. Year-to-date, we have a total of $398.5M of acquisitions either closed or currently under control. There can be no assurance that any of the acquisitions currently under control will be completed. As of May 31, 2021, our portfolio included 660 properties located in 41 U.S. states and one property located in British Columbia, Canada, and was 99.7% occupied. We collected 100% of base rents due for April and May of 2021."

ShowHide Related Items >><<
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

06/22/21 BTIG
Broadstone Net Lease price target raised to $27 from $21 at BTIG
06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
BNL Broadstone Net Lease
$24.08 /

+0.37 (+1.56%)

  • 17
    Sep
Recommendations
Broadstone Net Lease price target raised to $27 from $21 at BTIG » 08:49
06/22/21
06/22
08:49
06/22/21
08:49
BNL

Broadstone Net Lease

$24.97 /

+0.185 (+0.75%)

BTIG analyst Michael…

BTIG analyst Michael Gorman raised the firm's price target on Broadstone Net Lease to $27 from $21 and keeps a Buy rating on the shares. The analyst is citing his conversations with the management at the annual Nareit conference, where the company discussed its investment pipeline while also offering insight into the competition impacting the net lease transaction market. Broadstone has endured COVID-related economic distress with over 98% in rent collections, the analyst tells investors in a research note, adding that he expects the macroeconomic backdrop and the influx of capital into net lease to impact cap rates.

ShowHide Related Items >><<
BNL Broadstone Net Lease
$24.97 /

+0.185 (+0.75%)

06/17/21 Goldman Sachs
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs
06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
06/15/21 JPMorgan
Broadstone Net Lease downgraded to Neutral from Overweight at JPMorgan
BNL Broadstone Net Lease
$24.97 /

+0.185 (+0.75%)

  • 17
    Sep
Downgrade
Broadstone Net Lease downgraded to Neutral from Buy at Goldman Sachs » 04:56
06/17/21
06/17
04:56
06/17/21
04:56
BNL

Broadstone Net Lease

$25.00 /

+0.18 (+0.73%)

Goldman Sachs analyst…

Goldman Sachs analyst Caitlin Burrows downgraded Broadstone Net Lease to Neutral from Buy with an unchanged price target of $26. The analyst cites valuation for the downgrade with the shares up 48% since her October 12, 2020 upgrade. Burrows remains confident about the fundamental strengths of Broadstone's business model, but sees more favorable risk/reward profiles for other real estate investment trusts at this point.

ShowHide Related Items >><<
BNL Broadstone Net Lease
$25.00 /

+0.18 (+0.73%)

06/15/21
Fly Intel: Top five analyst downgrades
06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
06/15/21 JPMorgan
Broadstone Net Lease downgraded to Neutral from Overweight at JPMorgan
05/25/21 Truist
Broadstone Net Lease price target raised to $23 from $21 at Truist
BNL Broadstone Net Lease
$25.00 /

+0.18 (+0.73%)

  • 17
    Sep
Downgrade
Fly Intel: Top five analyst downgrades » 09:54
06/15/21
06/15
09:54
06/15/21
09:54
BNL

Broadstone Net Lease

$25.15 /

-0.71 (-2.75%)

, FAST

Fastenal

$51.12 /

-1.61 (-3.05%)

, PFG

Principal Financial

$63.87 /

-0.4 (-0.62%)

, NTR

Nutrien

$63.67 /

-0.02 (-0.03%)

, CDAY

Ceridian

$85.10 /

-4.08 (-4.58%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Broadstone Net Lease (BNL) downgraded to Neutral from Overweight at JPMorgan with analyst Anthony Paolone citing valuation for the downgrade. 2. Fastenal (FAST) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Joshua Pokrzywinski saying the company is undergoing a strategy change and "potentially has an air pocket of outgrowth" given limited net Onsite customer acquisitions over the past year. 3. Principal Financial (PFG) downgraded to Neutral from Overweight at Piper Sandler with analyst John Barnidge saying the shares have outperformed the life insurance sector average by about 695 basis points following news that activist Elliott Management took its stake filtered out on February 22. 4. Nutrien (NTR) downgraded to Outperform from Strong Buy at Raymond James with analyst Steve Hansen citing a robust, demand-driven surge in NPK prices that's handily exceeded the firm's prior forecast and boasts strong fundamental underpinnings heading into 2H21. 5. Ceridian (CDAY) downgraded to Hold from Buy at Needham with analyst Scott Berg noting that his recent checks have revealed that the 2020 compensation changes were not well-received internally and have led to several key departures in the sales team, while the competitive dynamics are turning more negative. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
PFG Principal Financial
$63.87 /

-0.4 (-0.62%)

NTR Nutrien
$63.67 /

-0.02 (-0.03%)

FAST Fastenal
$51.12 /

-1.61 (-3.05%)

CDAY Ceridian
$85.10 /

-4.08 (-4.58%)

BNL Broadstone Net Lease
$25.15 /

-0.71 (-2.75%)

06/15/21 JPMorgan
JPMorgan upgrades W.P. Carey on swap out of Broadstone
06/15/21 JPMorgan
Broadstone Net Lease downgraded to Neutral from Overweight at JPMorgan
05/25/21 Truist
Broadstone Net Lease price target raised to $23 from $21 at Truist
04/15/21 Morgan Stanley
Broadstone assumed with Equal Weight from Overweight at Morgan Stanley
FAST Fastenal
$51.12 /

-1.61 (-3.05%)

06/15/21 Morgan Stanley
Fastenal downgraded to Underweight from Equal Weight at Morgan Stanley
06/04/21 Raymond James
Fastenal's May ADS down 3.2% off challenging comparison, says Raymond James
05/03/21 Raymond James
Grainger price target raised to $460 from $400 at Raymond James
04/14/21 Baird
Fastenal price target raised to $53 from $50 at Baird
PFG Principal Financial
$63.87 /

-0.4 (-0.62%)

06/15/21 Piper Sandler
Principal Financial downgraded to Neutral from Overweight at Piper Sandler
04/12/21 Barclays
Principal Financial price target raised to $69 from $65 at Barclays
04/05/21 JPMorgan
Principal Financial price target raised to $66 from $55 at JPMorgan
03/31/21 Citi
Principal Financial price target raised to $62 from $55 at Citi
NTR Nutrien
$63.67 /

-0.02 (-0.03%)

06/15/21 Raymond James
Nutrien downgraded to Outperform from Strong Buy at Raymond James
05/24/21 HSBC
Nutrien upgraded to Buy from Hold at HSBC
05/05/21 JPMorgan
Nutrien price target raised to $65 from $63 at JPMorgan
04/14/21 RBC Capital
Nutrien price target raised to $62 from $60 at RBC Capital
CDAY Ceridian
$85.10 /

-4.08 (-4.58%)

06/15/21 Needham
Ceridian downgraded to Hold from Buy at Needham
05/28/21 Jefferies
Ceridian price target lowered to $95 from $110 at Jefferies
05/06/21 Mizuho
Ceridian price target raised to $120 from $110 at Mizuho
04/22/21 Wolfe Research
Ceridian initiated with an Outperform at Wolfe Research
PFG Principal Financial
$63.87 /

-0.4 (-0.62%)

NTR Nutrien
$63.67 /

-0.02 (-0.03%)

FAST Fastenal
$51.12 /

-1.61 (-3.05%)

CDAY Ceridian
$85.10 /

-4.08 (-4.58%)

BNL Broadstone Net Lease
$25.15 /

-0.71 (-2.75%)

  • 19
    Nov
  • 17
    Sep
  • 26
    Aug
NTR Nutrien
$63.67 /

-0.02 (-0.03%)

NTR Nutrien
$63.67 /

-0.02 (-0.03%)

FAST Fastenal
$51.12 /

-1.61 (-3.05%)

CDAY Ceridian
$85.10 /

-4.08 (-4.58%)

PFG Principal Financial
$63.87 /

-0.4 (-0.62%)

NTR Nutrien
$63.67 /

-0.02 (-0.03%)

Upgrade
JPMorgan upgrades W.P. Carey on swap out of Broadstone » 07:24
06/15/21
06/15
07:24
06/15/21
07:24
WPC

W.P. Carey

$77.69 /

+0.7 (+0.91%)

, BNL

Broadstone Net Lease

$25.86 /

+0.685 (+2.72%)

JPMorgan analyst Anthony…

JPMorgan analyst Anthony Paolone upgraded W.P. Carey (WPC) to Overweight from Neutral with a price target of $88, up from $77. The analyst coupled the upgrade with a downgrade of Broadstone Net Lease (BNL) to Neutral from Overweight. The swap is based solely on the stock price moves, particularly of late as it relates to Broadstone as some technical factors from benchmark inclusions have given it added momentum, Paolone tells investors in a research note. The analyst sees W.P. Carey as a "high-quality" large-cap net lease real estate investment trust with some comparable portfolio characteristics to Broadstone.

ShowHide Related Items >><<
WPC W.P. Carey
$77.69 /

+0.7 (+0.91%)

WPC W.P. Carey
$77.69 /

+0.7 (+0.91%)

06/15/21 JPMorgan
W.P. Carey upgraded to Overweight from Neutral at JPMorgan
05/03/21 Evercore ISI
W.P. Carey upgraded to Outperform at Evercore ISI on accelerating acquisitions
05/03/21 Evercore ISI
W.P. Carey upgraded to Outperform from In Line at Evercore ISI
04/07/21 BofA
W.P. Carey downgraded to Underperform from Buy at BofA
BNL Broadstone Net Lease
$25.86 /

+0.685 (+2.72%)

06/15/21 JPMorgan
Broadstone Net Lease downgraded to Neutral from Overweight at JPMorgan
05/25/21 Truist
Broadstone Net Lease price target raised to $23 from $21 at Truist
04/15/21 Morgan Stanley
Broadstone assumed with Equal Weight from Overweight at Morgan Stanley
12/11/20 Truist
Broadstone Net Lease price target raised to $20 from $19 at Truist
WPC W.P. Carey
$77.69 /

+0.7 (+0.91%)

BNL Broadstone Net Lease
$25.86 /

+0.685 (+2.72%)

  • 08
    Jun
  • 17
    Sep
  • 18
    Jun

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