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.
摩根士丹利分析師理查德·希爾降級 $RE/MAX Holdings (RMAX.US)$ 從 “等重” 到 “減持”，並將目標股價從 19.5 美元下調至 9 美元。這家房地產公司於11月3日星期五公佈了季度收益，宣佈收入下降第五個季度，同時就該公司的銷售佣金結構達成了訴訟和解。
In a Morgan Stanley note, an analyst said it sees too many negative catalysts for the real estate company.
一位分析師在摩根士丹利的報告中表示，它認爲這家房地產公司的負面催化劑太多了。
“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.”
“該公司預計將在未來幾周內宣佈新的首席執行官。這種預期的管理層過渡是在訴訟和業務面臨的宏觀阻力加劇之際發生的，這增加了執行風險。我們預計投資者將對新管理層採取觀望態度，並保持觀望態度。”