BofA lowered the firm’s price target on Redfin (RDFN) to $7.75 from $8.15 and keeps an Underperform rating on the shares. The firm, which is rolling forward its valuation base to 2026, is lowering its existing home volume growth forecast for 2025 to 2% year-over-year from 5% growth previously forecast. The firm also lowers its estimate for existing home transaction growth to 5% from 8% previously.
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