UPDATE: BMO Capital Raises PT on Agree Realty Corporation Following 4Q Earnings Call

In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on Agree Realty Corporation (NYSE: ADC ), and raised its price target from $26.00 to $30.00. BMO Capital Markets noted, “ADC's 27% y/y FFO growth in 4Q reflects management's effective recycling of Borders assets and prudent capital