Raymond James Maintains Strong Buy Rating for Agree Realty: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James maintains its Strong Buy rating for Agree Realty (NYSE:ADC) but lowers its price target from $81.00 to $76.00. Shares of Agree Realty are trading up 0.7% at $65.81 per share.
June 14, 2023 | 5:01 pm
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Raymond James maintains Strong Buy rating for Agree Realty (NYSE:ADC) but lowers price target from $81 to $76. Shares are trading up 0.7% at $65.81.
Raymond James' Strong Buy rating for Agree Realty indicates a positive outlook for the stock. However, the lowered price target from $81 to $76 suggests a slightly reduced growth potential. The stock is currently trading up 0.7% at $65.81, and a move to $76 would account for a 15.48% increase from the current share price. This news is highly relevant and important for investors in ADC, as it directly affects their potential returns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100