Anywhere Real Estate price target lowered to $4.50 from $5 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Anywhere Real Estate to $4.50 from $5 and keeps an Underweight rating on the shares. The company reported Q1 a touch below expectations but all focus remains on the NAR settlement, eventual Justice Department involvement, and “highly uncertain direction” of residential real estate commissions, the analyst tells investors in a research note.