Morgan Stanley Downgrades RE/MAX Hldgs to Underweight, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Richard Hill has downgraded RE/MAX Holdings (NYSE:RMAX) from Equal-Weight to Underweight and lowered the price target from $19.5 to $9.
November 07, 2023 | 9:29 am
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RE/MAX Holdings has been downgraded by Morgan Stanley from Equal-Weight to Underweight, with a lowered price target from $19.5 to $9.
The downgrade from Morgan Stanley is a negative signal for RE/MAX Holdings. The lowered price target suggests that the analyst believes the stock is overvalued at current levels, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100