BMO Capital initiated coverage of Global Net Lease with an Outperform rating and $11 price target. The stock’s discount to peers is due to its high leverage and historically-poor corporate governance / association with AR Global, though the catalysts for the company include debt reduction, and potentially, M&A, the analyst tells investors in a research note. Global Net Lease valuation is attractive given significant discount to peers, and the firm believes shares would react positively to reduction in debt, BMO added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GNL:
Click Here to Read the Full Original Article at TipRanks Financial Blog…
