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Fly News Breaks for December 10, 2019
Dec 10, 2019 | 07:45 EDT
DA Davidson analyst Tom White upgraded Redfin to Buy from Neutral with a price target of $25, up from $18.50. The analyst cites his increased belief in the potential of the company's Mortgages/Titlebusinesses, which he estimates generating up to $55M of EBITDA by 2025 and representing up to 40% of the company's total. White is also positive on Redfin's "generally solid" listing share trends and the benefits of "historically low mortgage rates" continuing into next year.