RBC Capital Maintains Sector Perform on Redfin, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has maintained a 'Sector Perform' rating on Redfin (NASDAQ:RDFN) but lowered the price target from $10 to $7.
November 03, 2023 | 7:20 pm
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RBC Capital has maintained its 'Sector Perform' rating on Redfin but lowered the price target from $10 to $7.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Redfin's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100