Citi raises price target on The New York Times (NYT)

What happened: On March 23-24, 2026, two major investment banks updated their price targets for NETSTREIT Corp. (NYSE:NTST) and The New York Times Company (NYSE:NYT). Truist raised its target for NTST to $21, citing a model update, while Citi increased its target for NYT to $94, describing the stock as a "battleground" with concerns about digital competition.

Market impact: The updates reflect a mix of sentiment towards REITs and media stocks. Truist's bullish move on NTST, a beaten-down stock, suggests potential for REITs to rebound, while Citi's neutral stance on NYT indicates ongoing uncertainty in the media sector due to digital disruption.

What to watch next: Investors should monitor NTST's earnings on April 15, 2026, and NYT's on May 4, 2026, for updates on their respective business outlooks. Additionally, keep an eye on the broader REIT and media sectors for any regulatory changes or market trends that could influence these stocks.