Agree Realty price target lowered to $81 from $81.50 at Stifel

Stifel analyst Simon Yarmak lowered the firm’s price target on Agree Realty (ADC) to $81 from $81.50 and keeps a Buy rating on the shares after Agree disclosed 2024 acquisition volume of $867M. On the company’s Q3 earnings call, they noted that they expected about $850 million of FY24 acquisition volume, so the roughly $870M of acquisition volume was above the guidance provided, the analyst noted.