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Fly News Breaks for August 8, 2017
RLGY
Aug 8, 2017 | 06:22 EDT
Deutsche Bank analyst Kevin McVeigh sees only a 1%-3% move in shares of Realogy off the company's first investor day Thursday since March 2015. The analyst, however, believes the investor day will support a higher multiple and he recommends buying the shares. The multiple should expand as the market becomes comfortable with Realogy's competitive positioning within an improving high-end housing market, McVeigh tells investors in a pre-investor day research note. He keeps a Buy rating on the shares with a $42 price target.
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