Raymond James Maintains Strong Buy Rating for Agree Realty: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of Agree Realty ADC and lower its price target from $81.00 to $76.00.

Shares of Agree Realty are trading up 0.7% over the last 24 hours, at $65.81 per share.

A move to $76.00 would account for a 15.48% increase from the current share price.

About Agree Realty

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.