As previously reported, Craig-Hallum analyst Brad Berning upgraded RE/MAX Holdings to Buy from Hold as he believes the company is well-positioned for the increasing competition and digitalization of distribution channels that will enable consumers to demand greater service and drive the professionalization of the residential real estate agent industry. The analyst also believes housing market weaknesses should subside in the near-term, earnings expectations have been de-risked for his prior concerns about competition for agents and given an attractive valuation for a company he expects will be a long-term winner. Berning raised his price target on the shares to $35 from $30.

Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.