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Fly News Breaks for March 5, 2019
RLGY
Mar 5, 2019 | 07:18 EDT
JPMorgan analyst Anthony Paolone lowered his price target for Realogy Holdings to $14 and keeps an Underweight rating on the shares following the company's Q4 results. The analyst cut his 2019 operating EBITDA estimate to $596M from $662M as his revenue growth estimate dropped to negative 0.3% from positive 2.7%. The profit outlook "seems murky for traditional residential brokerage brands," Paolone tells investors in a research note.
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