RealReal upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded RealReal (REAL) to Overweight from Sector Weight with a $16 price target ahead of next week’s earnings report. The company’s profitability is continuing to show progress, creating further upside in the shares despite the year-to-date gains, the analyst tells investors in a research note. The firm says RealReal is still early in a “multi-year structural inflection.” The companies “differentiation” positions it to capture further market share in the “fast-growing” luxury resale economy, contends KeyBanc.