Agree Realty price target raised to $70 from $63 at RBC Capital

RBC Capital raised the firm’s price target on Agree Realty to $70 from $63 and keeps an Outperform rating on the shares. The company’s Q2 results showed a return to a more aggressive mindset, with increased acquisition guidance, significant capital raising activity and a much-improved cost of capital, the analyst tells investors in a research note.