Mixed Views on NNN REIT as Evercore Lifts PT and Raymond James Cuts Rating

NNN REIT, Inc. (NYSE:NNN) is included among the 14 Safest Stocks with Highest Dividends.

Mixed Views on NNN REIT as Evercore Lifts PT and Raymond James Cuts Rating

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On March 17, Evercore raised its price recommendation on NNN REIT, Inc. (NYSE:NNN) to $46 from $45. It maintained an In Line rating on the stock. The update came as part of a Q1 preview covering a group of REITs.

On the same day, Raymond James analyst RJ Milligan downgraded NNN REIT to Market Perform from Outperform, without setting a price target. The firm said it adjusted ratings across the net lease REIT group following year-to-date performance in several names. The analyst noted that NNN is expected to deliver lower growth in 2026 compared to peers and is facing a higher cost of capital. He added that after a 15% rally in 2026, the shares are no longer seen as “too cheap to ignore.”

NNN REIT, Inc. (NYSE:NNN) is a fully integrated REIT that acquires, owns, invests in, and develops properties. Its portfolio mainly consists of retail properties leased under long-term net leases and held for investment.

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