Agree Realty price target raised to $82 from $77 at Truist

Truist raised the firm’s price target on Agree Realty (ADC) to $82 from $77 and keeps a Buy rating on the shares. The increased $200M acquisition guidance at current spreads sets up Agree Realty for success and for forward estimates to increase, all else equal, the analyst tells investors in a research note. The firm added that the company has no significant debt maturities until 2028, and with nearly $1.2B of hedged capital, the stock is in an enviable position.