eXp World price target lowered to $11.75 from $13 at DA Davidson

DA Davidson lowered the firm’s price target on eXp World to $11.75 from $13 and keeps a Neutral rating on the shares. The firm’s checks indicate that the company’s core U.S. agent count continued to decrease throughout Q1 and also thus far into Q2, with early signs that the agent count in Canada is stagnating as well, the analyst tells investors in a research note.