Barclays upgraded Rightmove (RTMVY) to Equal Weight from Underweight with a 700 GBp price target The company has pricing power, subscription revenue, high margins and a “clean” balance sheet, making an Underweight rating challenging in an uncertain macro environment, the analyst tells investors in a research note.
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Read More on RTMVY:
- Sell Rating for Rightmove Amid Global Recession Risks and Market Valuation Concerns
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- Rightmove resumed with a Buy at Goldman Sachs
- Rightmove price target raised to 735 GBp from 650 GBp at Morgan Stanley
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