Sunday, 3 March 2024

Business News

Global Net Lease initiated with an Outperform at BMO Capital – TipRanks Financial Blog

E Split Corp. Completes Overnight Offering – TipRanks Financial Blog

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.

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