Agree Realty (ADC) PT Maintained at $81 at Stifel

Stifel analyst Simon Yarmak maintained the price target on Agree Realty (NYSE: ADC) at $81.00 while maintaining a Buy rating.

The analyst commented, "Hosted Management Meetings. We recently hosted in-person meetings with Agree Realty Corporation's management.Main Message. We view the company in a strong position, as it has a healthy balance sheet, a strong liquidity position, and expected 2025 growth of over 4%. Across our meetings, the team noted that the portfolio is holding up very well with nearly 70% of rents derived from investment grade tenants. ADC is well positioned to execute in 2025, having been proactive in raising equity. We believe the company has essentially de-risked its 2025 business plan. ADC is in a position to generate growth this year from both internal and external sources."

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