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Fly News Breaks for June 30, 2017
RMAX
Jun 30, 2017 | 06:57 EDT
BofA/Merrill analyst David Ridley-Lane downgraded RE/MAX to Underperform from Neutral and cut its price target to $56 from $63 due to rich valuation and headwinds from decelerating US agent growth, potential equity raises, and declines in Canadian home sales.
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