Compass upgraded to Hold from Underperform at Gordon Haskett

Gordon Haskett upgraded Compass to Hold from Underperform with a price target of $3.75, up from $3. The firm’s data science work points to Compass’ topline key performance indicators pacing ahead of consensus estimates. The magnitude of sales upside is further strengthened when taking recent acquisitions and additions into account, the analyst tells investors in a research note. Haskett cites the potential near-term upside relative to consensus estimates for the upgrade. The Q2 upside more than offsets potential downward pressure on commission rates that are likely months away, says the firm.