B. Riley lowered the firm’s price target on Redfin (RDFN) to $9 from $12 and keeps a Neutral rating on the shares. The firm cites the pending buyout by Rocket Companies (RKT) for the target change.
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Read More on RDFN:
- Redfin Merger with Rocket Companies Advances
- Zillow price target lowered to $90 from $100 at Wedbush
- Redfin price target lowered to $11 from $12.50 at Stephens
- Hold Rating for Redfin Amid Uncertainty from Pending Acquisition and Mixed Financial Signals
- Redfin price target raised to $9.20 from $7.30 at Citi