Agree Realty price target raised to $82 from $81 at RBC Capital

RBC Capital analyst Brad Heffern raised the firm’s price target on Agree Realty (ADC) to $82 from $81 and keeps an Outperform rating on the shares. When combined with a robust deal environment and enough equity on hand to fund more than a year of investments at the current pace, the firm says it doesn’t see any holes in the report to justify the negative stock reaction, the analyst tells investors in a research note.