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Fly News Breaks for July 8, 2019
RLGY
Jul 8, 2019 | 09:09 EDT
Compass Point analyst Chris Gamaitoni upgraded Realogy to Neutral from Sell and reiterated his $8 price target. In a research note to investors, Gamaitoni says he continues to be very concerned about the competitive environment negatively impacting Realogy, but believes any position at this point is a poor risk-reward decision. He thinks it is appropriate to be on the sidelines for now, saying that changes in m macroeconomic expectations and the competitive environment could result in large swings in the stock.
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