Evercore ISI lowered the firm’s price target on Agree Realty (ADC) to $80 from $82 and keeps an Outperform rating on the shares. The net lease group slipped, performance wise, in Q4 and FY24 sector performance lagged the broader REIT index “again” at 2% for the net lease sector versus 4.9% for the REITs overall, the analyst tells investors in a Q4 recap note.
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