Compass price target raised to $8 from $7 at Wells Fargo

Wells Fargo analyst Alec Brondolo raised the firm’s price target on Compass (COMP) to $8 from $7 and keeps an Equal Weight rating on the shares. The firm says that after beating Q3 revenues / EBITDA by 3% / 35% and guiding Q4 roughly in-line, management expressed confidence that agent growth is improving and HOUS growth can be improved once the deal closes.