Compass price target raised to $4 from $2.50 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on Compass to $4 from $2.50 and keeps an Equal Weight rating on the shares as part of a broader research note on U.S. Homebuilding and Building Products names. With the existing home market still challenged, Compass continues to focus on reducing costs and increasing share, the analyst tells investors in a research note. The commission rate question is a significant risk to the industry, but near term, any resulting effects from ongoing legislation and an overall question of broker agent value proposition for buyers may not manifest materially, the firm added.