Barclays starts Agree Realty at Underweight, calls it ‘bad stock’ for time being

Barclays analyst Richard Hightower initiated coverage of Agree Realty (ADC) with an Underweight rating and $76 price target The firm said it is not materially different from the consensus for FFO per share for 2025 and 2026, so its Underweight rating is driven primarily by relative valuation. In simpler terms, the firm sees Agree realty as a “good company/bad stock” for the time being.