Fly News Breaks for January 27, 2020
Jan 27, 2020 | 09:37 EDT
Stephens analyst John Campbell raised his estimates for Redfin, increased his price target on the stock to $30 from $25 and is recommending that investors take positions or add to their holdings ahead of the upcoming earnings report given his view that the company will deliver strong results and "supply plenty of upbeat outlook commentary." The analyst, who believes Redfin could see gross margin expansion across all of its individual segments in 2020 while it further develops several of its compelling long-term business drivers, reiterated an Overweight rating on the stock.
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