RBC Capital Maintains Outperform on Agree Realty, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Heffern maintains Agree Realty (NYSE:ADC) with an Outperform rating but lowers the price target from $74 to $63.
October 26, 2023 | 5:00 pm
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NEGATIVE IMPACT
Agree Realty's price target has been lowered from $74 to $63 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in Agree Realty's stock price in the short term. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market or its sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100