Raymond James raised the firm’s price target on Agree Realty (ADC) to $90 from $84 and keeps a Strong Buy rating on the shares. Raymond James adjusted ratings and targets in the net lease real estate investment trust group given the year-to-date performance in several names. Its cites Agree’s accelerating funds from operations per share growth, low cost of capital, “rock-solid” tenant roster, and capital runway for the target boost.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADC: