Agree Realty price target raised to $67 from $66 at RBC Capital

RBC Capital analyst Brad Heffern raised the firm’s price target on Agree Realty to $67 from $66 and keeps an Outperform rating on the shares. The company’s 2023 acquisition volumes were at the low end of guidance and below the firm’s expectations, but the cap rate was slightly better than expected, the analyst tells investors in a research note.