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Fly News Breaks for July 29, 2019
RDFN
Jul 29, 2019 | 09:05 EDT
Craig-Hallum analyst Bradley Berning started coverage of Redfin with a Hold rating and a $20 price target. The analyst believes Redfin should be a structural winner in the evolving personal real estate market, as its low cost, highly productive agents and above average customer service have allowed them to gain share within its existing markets and to expand into additional markets. However, Berning expects the stock to remain range bound in the near-term as the pace of market share gains has decelerated.
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