JPMorgan downgraded Anywhere Real Estate to Underweight from Neutral with a $7 price target. The firm, which is making eleven ratings changes in conjunction with its 2024 REITs and Real Estate Services Outlook, thinks the weak level of housing sales could persist in the near term and remains concerned about significant competition for agents.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HOUS:
- Anywhere Real Estate reports preliminary court approval of nationwide settlement
- Can These Real Estate Names Sustain the Latest CPI-Fuelled Rally?
- Anywhere Real Estate rises 16.3%
- Homebuilders, Zillow in spotlight following ruling on realtor fees
- KC jury finds NAR, brokerages guilty of commission inflation, Housingwire says