BTIG lowered the firm’s price target on Compass (COMP) to $12 from $15 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 in residential real estate. The firm is pushing out its expectations for recovery in existing home sales, the analyst tells investors in a research note. BTIG adds that the setup is not great, with cloudy existing home sales outlook to weigh on expectations for 2026.
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