Fly News Breaks for February 13, 2020
Feb 13, 2020 | 08:33 EDT
SunTrust analyst Naved Khan raised his price target on Redfin to $30 and kept his Buy rating after its Q4 results, noting that the rollout of the higher listing fee by the company is a net positive for its revenue growth and margin improvement in its core brokerage business. The analyst also points to the company's favorable macro environment and expects its "impressive" margin gains and increased agent efficiency to continue over the next few quarters.
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