Agree Realty price target lowered to $65 from $78 at BTIG

BTIG lowered the firm’s price target on Agree Realty to $65 from $78 and keeps a Buy rating on the shares. The firm is updating its model on the stock following the company’s Q3 results while noting that its 2024 estimate also reflects a stronger run rate coming out of this year, offset by assumption for slower acquisition activity to start the year, the analyst tells investors in a research note.