Wells Fargo lowered the firm’s price target on Agree Realty (ADC) to $79 from $80 and keeps an Overweight rating on the shares. The firm notes 40 REITs it covers reported this week with 24 beats, 3 misses and 13 meets. 27 bumped 2024 guidance, 2 cut, 9 maintained. On average, reporting companies underperformed REITs by -50 bps the day they reported and -140 bps through Friday midday, Wells adds.
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Read More on ADC:
- Agree Realty price target raised to $80 from $77 at Truist
- Agree Realty price target raised to $76 from $67 at Baird
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