Agree Realty Is A 'Net Winner' In A Challenging Macro, Says Analyst
Portfolio Pulse from Priya Nigam
Agree Realty Corporation's (NYSE:ADC) stock has experienced a recent selloff, offering an attractive entry point into the REIT. Mizuho Securities upgraded the rating from Neutral to Buy, maintaining a $70 price target. The company is considered a 'net winner' in a challenging macro environment due to its high investment-grade tenancy, formidable liquidity, and above-average growth potential.
June 22, 2023 | 4:25 pm
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Agree Realty Corporation (NYSE:ADC) has been upgraded to Buy by Mizuho Securities, citing its high investment-grade tenancy, formidable liquidity, and above-average growth potential. The stock offers an attractive entry point after a recent selloff.
Mizuho Securities upgraded Agree Realty Corporation's rating to Buy, indicating a positive outlook for the stock. The company's high investment-grade tenancy, formidable liquidity, and above-average growth potential make it a 'net winner' in a challenging macro environment. The recent selloff in the stock offers an attractive entry point for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100