Evercore ISI analyst James Kammert raised the firm’s price target on Agree Realty (ADC) to $82 from $81 and keeps an Outperform rating on the shares. Net lease REITs outperformed in Q1 and the firm recommends “leaning into those net lease REITs offering the more visible earnings streams” as well as demonstrated access to capital.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADC:
- Agree Realty price target raised to $81 from $74 at Mizuho
- Agree Realty announces $625M commercial paper program
- Agree Realty price target raised to $81 from $78 at Wells Fargo
- Agree Realty upgraded to Equal Weight from Underweight at Barclays
- Hold Rating on Agree Realty Reflects Balanced View Amid Market Challenges and Conservative Guidance