Redfin inventory Heads for a mannequin new Low. Its enterprise Is 'basically Flawed.'



Redfin


inventory has been hit arduous by a slowdown inside the housing market. however an analyst says the exact property vendor might additionally have fundamental factors with its enterprise mannequin.

Oppenheimer analyst Jason Helfstein downgraded


Redfin


inventory (ticker: RDFN) to Underperform from carry out in a evaluation word printed Sunday and set a 12-month worth goal of $1.30. The analyst says the agency’s enterprise mannequin doesn’t work, particularly all by way of a housing market slowdown.

Sourcelink

Post a Comment

0 Comments