Compass price target lowered to $4.30 from $4.50 at BTIG

BTIG lowered the firm’s price target on Compass to $4.30 from $4.50 and keeps a Buy rating on the shares. The company reported an in-line Q4, and while antitrust risk still remains an overhang, the financial impact should be manageable for Compass, with buyer agent agreements/seller concessions seen as a way to potentially give the DOJ a lot of what they’re looking for, the analyst tells investors in a research note. The firm is reducing its price target however to account for sequentially higher share count, BTIG added.