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Agree Realty (ADC) was downgraded to a Hold Rating at Morgan Stanley

Agree Realty (ADC) was downgraded to a Hold Rating at Morgan Stanley

Agree Realty received a Hold rating and a $75.00 price target from Morgan Stanley analyst Ronald Kamdem yesterday. The company's shares closed yesterday at $70.98.
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According to TipRanks, Kamdem is a 3-star analyst with an average return of 3.9% and a 51.67% success rate. Kamdem covers the Real Estate sector, focusing on stocks such as Realty Income, Agree Realty, and Eastgroup Properties.
In addition to Morgan Stanley, Agree Realty also received a Hold from Citizens JMP's Mitchell Germain in a report issued on June 30. However, on July 7, Bank of America Securities maintained a Buy rating on Agree Realty (NYSE: ADC).
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