Mizuho analyst Haendel St. Juste raised the firm’s price target on Agree Realty to $73 from $68 and keeps a Neutral rating on the shares. The expects the macro challenges to persist for the triple net real estate investment trusts, along with growing recession risk. This "will increase the need for incremental selectivity," St. Juste tells investors in a research note. He favors triple net REITs with "defensive tenancy, low leverage, and pre-funded capital."
Published first on TheFly
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