Morgan Stanley assumed coverage of Compass with an Equal Weight rating and $4 price target. The U.S. housing market is showing signs of stabilization, but the firm expects a slow recovery with home prices remaining under pressure tactically and it would “wait to be opportunistic” in property tech, the analyst tells investors.
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Read More on COMP:
- Real Estate Stocks Plunge after Analyst Downgrade
- Compass downgraded to Hold on valuation at Gordon Haskett
- Compass downgraded to Hold from Buy at Gordon Haskett
- Compass initiated with a Buy at BTIG
- Compass management to meet virtually with Compass Point
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