RBC Capital Maintains Outperform on Agree Realty, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Heffern maintains an Outperform rating on Agree Realty (NYSE:ADC) but lowers the price target from $67 to $63.

February 15, 2024 | 3:18 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Agree Realty but lowers the price target from $67 to $63.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on Agree Realty's performance but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as investors digest the revised price target against the backdrop of continued endorsement by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100