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Fly News Breaks for February 11, 2019
ADC
Feb 11, 2019 | 06:35 EDT
Ladenburg Thalmann analyst John Massocca downgraded Agree Realty to Neutral without a price target. With operational success and an "accommodative" macro environment already reflected in valuation, the shares offer "limited room for intermediate term upside," Massocca tells investors in a research note. Further, the analyst sees potential risks to Agree's valuation if the Federal Reserve resumes its rate increases after the pause communicated at its January meeting.
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