Compass price target lowered to $12 from $17 at UBS

UBS lowered the firm’s price target on Compass (COMP) to $12 from $17 and keeps a Buy rating on the shares. The company is expected to report Q1 results against a weaker housing backdrop marked by higher mortgage rates, severe winter weather, and a slight decline in existing home sales, the analyst tells investors in a research note. Despite the macro pressure and downward revisions to 2026 housing forecasts, the company is expected to show relative resilience and outperform the broader transaction environment through company-specific execution, the firm says.