eXp World price target lowered to $11.50 from $13 at DA Davidson

DA Davidson analyst Tom White lowered the firm’s price target on eXp World (EXPI) to $11.50 from $13 and keeps a Buy rating on the shares. The firm is updating its model to reflect soft U.S. agent trends and “historically weak” existing home sales data for January but anticipates seeing some improvement in the company’s U.S. agent count into the Spring selling season, the analyst tells investors in a research note.