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Fly News Breaks for December 19, 2016
RLGY
Dec 19, 2016 | 06:46 EDT
Wedbush analyst Jason Weaver upgraded Realogy to Outperform and increased its price target to $32 from $28.50 citing valuation and potential existing home sales upside. The ananlyst sees improved home affordability, the beginning of a geographic shift of new millennial households toward more affordable and less supply-constrained markets, and possible borrower-friendly incentives from the new administration to promote home ownership and student debt reduction.
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