RE/MAX Drops on Morgan Stanley Downgrade Following Earnings
RE/MAX Drops on Morgan Stanley Downgrade Following Earnings
Morgan Stanley analyst Richard Hill downgraded $RE/MAX Holdings (RMAX.US)$ from Equal-Weight to Underweight and lowered the price target from $19.5 to $9. The real estate firm posted quarterly earnings on Friday, November 3rd, announcing a fifth quarter of revenue decline alongside lawsuit settlements over the firm's sales commission structure.
摩根士丹利分析师理查德·希尔降级 $RE/MAX Holdings (RMAX.US)$ 从 “等重” 到 “减持”，并将目标股价从 19.5 美元下调至 9 美元。这家房地产公司于11月3日星期五公布了季度收益，宣布收入下降第五个季度，同时就该公司的销售佣金结构达成了诉讼和解。
In a Morgan Stanley note, an analyst said it sees too many negative catalysts for the real estate company.
一位分析师在摩根士丹利的报告中表示，它认为这家房地产公司的负面催化剂太多了。
“The company expects to announce a new CEO in the next couple of weeks. This expected management transition comes at a time of elevated litigation and macro headwinds to the business, which increases execution risk. We expect investors to take a wait-and-see approach on the new management and remain on the sidelines.”
“该公司预计将在未来几周内宣布新的首席执行官。这种预期的管理层过渡是在诉讼和业务面临的宏观阻力加剧之际发生的，这增加了执行风险。我们预计投资者将对新管理层采取观望态度，并保持观望态度。”