Anywhere Real Estate price target lowered to $3.50 from $4.50 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Anywhere Real Estate to $3.50 from $4.50 and keeps an Underweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is “already downbeat and much may already be priced in.” The firm reduced estimates and price targets ahead of the Q2 reports.