Compass initiated with a Neutral at UBS

UBS analyst Lloyd Walmsley initiated coverage of Compass with a Neutral rating and $2.75 price target as part of a broader research note on Online Real Estate names. The analyst contends that "maximum uncertainty" presents opportunity for long-term investors and that a "brighter environment" is coming a year from now with interest rates on their way down, easy comparisons, and pent up housing demand.