Compass price target lowered to $7 from $8 at Barclays

Barclays lowered the firm’s price target on Compass (COMP) to $7 from $8 and keeps an Equal Weight rating on the shares. The firm remains cautious on homebuilders and expect order misses in Q2 with softer margin outlooks. While tariff relief should de-risk product names, uncertainty around pricing power and demand elasticity remains, the analyst tells investors in a research note. Barclays prefers defensive names with greater pricing power.