2021-01-20 08:00:29 RDFN Redfin
01/20/21 01/2008:00 01/20/2108:00 | Redfin downgraded to Neutral from Buy at DA DavidsonDA Davidson analyst Tom White downgraded Redfin to Neutral from Buy but with a higher price target of $70, up from $54, amid the ongoing re-rating of Technology stocks. The company's share gains in the sell-side and listings business may be stalling entering Q1 of 2021, the analyst tells investors in a research note, citing his proprietary research. White adds that he is positively biased towards Redfin for longer-term investors, but he sees a muted near-term upside potential in the company's core brokerage business. | |
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