Agree Realty price target raised to $78 from $77 at Barclays

Barclays raised the firm’s price target on Agree Realty (ADC) to $78 from $77 and keeps an Equal Weight rating on the shares. The firm adjusted price targets in the net lease real estate investment trust as part of a Q2 earnings preview. The sector has underperformed over the past 90 days due to a risk-on market positioning, the analyst tells investors in a research note. However, Barclays believes tenant credit concerns have eased since Q1, despite the ongoing uncertainty around tariffs.