Redfin
inventory has been strike tough by a slowdown in the housing market place. But an analyst states the authentic estate broker may well also have basic complications with its business model.
Oppenheimer analyst Jason Helfstein downgraded
Redfin
stock (ticker: RDFN) to Underperform from Conduct in a research observe published Sunday and set a 12-thirty day period cost concentrate on of $1.30. The analyst suggests the company’s business enterprise design doesn’t perform, especially throughout a housing sector slowdown.
Redfin
inventory has been strike tough by a slowdown in the housing market place. But an analyst states the authentic estate broker may well also have basic complications with its business model.
Oppenheimer analyst Jason Helfstein downgraded
Redfin
stock (ticker: RDFN) to Underperform from Conduct in a research observe published Sunday and set a 12-thirty day period cost concentrate on of $1.30. The analyst suggests the company’s business enterprise design doesn’t perform, especially throughout a housing sector slowdown.
