JPMorgan upgraded Anywhere Real Estate (HOUS) to Neutral from Underweight with a $10 price target after the company announced that it would be acquired by Compass (COMP) in a stock-for-stock transaction. The firm thinks this is a good deal for Anywhere shareholders, the analyst stated.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOUS:
- Anywhere Real Estate Stock Soars 55% as Compass Strikes $1.46 Billion Deal
- Morning Movers: Metsera surges, Pfizer gains after acquisition pact
- Video: Metsera jumps after Pfizer strikes deal for obesity drugmaker
- Anywhere Real Estate and Compass Announce Merger Agreement
- Compass, Anywhere Real Estate to combine in an all-stock transaction
