Mizuho Maintains Neutral on Agree Realty, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste has maintained a Neutral rating on Agree Realty Corporation (NYSE:ADC) and increased the price target from $61 to $65.
January 10, 2024 | 3:36 pm
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Mizuho analyst Haendel St. Juste maintains a Neutral rating on Agree Realty but raises the price target from $61 to $65, indicating a potential upside from the current price level.
The increase in price target by Mizuho suggests a positive outlook on the stock's value, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100