Redfin price target raised to $8 from $7 at Susquehanna

Susquehanna raised the firm’s price target on Redfin to $8 from $7 and keeps a Neutral rating on the shares. The firm said they continue to execute well in an extremely challenging housingmacro backdrop. While the uncertainty surrounding the housing market keeps them on the sidelines, they like the company’s opportunity to scale the core business in new markets and improving traction in higher-margin segments.