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Agree Realty price target lowered to $79 from $80 at RBC Capital

RBC Capital lowered the firm’s price target on Agree Realty (ADC) to $79 from $80 and keeps an Outperform rating on the shares. Agree Realty’s acquisition total for Q4 was slightly below the firm’s expectations, but still in line with guidance, while cap rates were in line, the analyst tells investors in a research note.

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