Anywhere Real Estate price target raised to $9.50 from $5.50 at Stephens

Stephens raised the firm’s price target on Anywhere Real Estate to $9.50 from $5.50 and keeps an Equal Weight rating on the shares. While the company’s Q2 results missed consensus expectations, the firm believes the quarter was a “largely positive event,” the analyst tells investors. The key highlights for the quarter were: cost saves are outlined and planned over the next quarters, splits pressure continued to wane, the company has held its market share in a good spot, and it continues to chip away at its debt, Stephens says.