Gordon Haskett upgraded Redfin (RDFN) to Hold from Underperform as the firm believes Rocket Companies’ (RKT) offer to acquire Redfin will be the “best and final.” The news is weighing on Zillow (Z) (ZG), which is down about 3% in pre-market trading, as the transaction, once closed, will create a more integrated real estate platform competitor, the analyst noted.
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Read More on RDFN:
- Unusually active option classes on open March 10th
- Rocket needs cross-sales to justify Redfin price, says BTIG
- Morning Movers: Redfin soars and Rocket Companies dips following deal
- M&A News: Redfin (NASDAQ:RDFN) Blasts Higher with Rocket Companies Merger
- Redfin Merges with Rocket Companies in Strategic Deal
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