Truist Securities Maintains Buy on Agree Realty, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has maintained a Buy rating on Agree Realty (NYSE:ADC) but has reduced the price target from $74 to $62.

November 27, 2023 | 4:47 pm
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NEUTRAL IMPACT
Truist Securities reaffirms a Buy rating on Agree Realty but lowers the price target to $62, indicating a potential upside but with caution.
The maintenance of a Buy rating suggests that Truist Securities still sees Agree Realty as a good investment. However, the reduction in the price target could imply a tempered expectation for the stock's growth or a response to market conditions. This could lead to a neutral short-term impact as the positive sentiment from the Buy rating may be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100