Wells Fargo Maintains Overweight on Agree Realty, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Connor Siversky has maintained an Overweight rating on Agree Realty (NYSE:ADC) and raised the price target from $75 to $77.
August 26, 2024 | 12:50 pm
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Wells Fargo has reaffirmed its Overweight rating on Agree Realty and increased the price target to $77, indicating a positive outlook.
The increase in price target from $75 to $77 by Wells Fargo suggests a positive outlook for Agree Realty. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on the stock price as investors may view this as a vote of confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100