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Fly News Breaks for April 12, 2019
RDFN
Apr 12, 2019 | 07:07 EDT
Wedbush analyst Ygal Arounian initiated Redfin with an Outperform rating and $30 price target, saying he views Redfin as a residential real estate brokerage with a fundamentally different relationship with technology that will enable it to better capture market sharein a rapidly evolving landscape. Despite outperformance this year, he sees continued upside to shares as he views Redfin as well positioned to gain share in a better-than-feared residential real estate market.
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