DA Davidson Downgrades Redfin to Underperform, Announces $10 Price Target
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Tom White has downgraded Redfin (NASDAQ:RDFN) from Neutral to Underperform and set a price target of $10.
July 12, 2023 | 10:29 am
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NEGATIVE IMPACT
Redfin has been downgraded from Neutral to Underperform by DA Davidson, with a new price target of $10.
The downgrade from Neutral to Underperform by DA Davidson is a negative signal for Redfin. The new price target of $10, if significantly lower than the current price, suggests that the analyst expects the stock price to decrease in the short term. This could potentially lead to a sell-off, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100