RBC Capital analyst Brad Heffern raised the firm’s price target on Agree Realty (ADC) to $81 from $79 and keeps an Outperform rating on the shares. The company’s 2026 guidance looks solid, with the highest AFFO per share growth since 2022, the analyst tells investors in a research note. A meaningful increase in acquisition guidance only a month after the initial guide suggests significant confidence in deal flow earlier in the year than typically seen, the firm adds.
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