Citizens Reiterates Broadstone Net Lease Market Outperform Recommendation

Citizens reiterated a Market Outperform recommendation for Broadstone Net Lease (NYSE:BNL), with an average one-year price target of $20.29/share, representing a 15.99% upside from the latest closing price of $17.49/share. The projected annual revenue is 439MM, a decrease of 1.92%, and the projected annual non-GAAP EPS is 0.65. The put/call ratio is 0.32, indicating a bullish outlook.