Evercore ISI initiated coverage of Agree Realty (ADC) with an Outperform rating and $82 price target Agree has executed historically, enjoys a deep external growth opportunity set “backstopped by a rational capital allocation strategy” and has material liquidity with access to capital, says the analyst, arguing that the company “falls in the ‘haves’ camp among net lease REITs.”
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Read More on ADC:
- Agree Realty initiated with a Buy at Deutsche Bank
- Agree Realty price target raised to $80 from $79 at Wells Fargo
- Agree Realty price target raised to $78 from $74 at BTIG
- Agree Realty price target raised to $80 from $75 at Mizuho
- Agree Realty price target lowered to $79 from $80 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
