Redfin
inventory has been hit arduous by a slowdown within the housing market. However an analyst says the true property dealer may additionally have elementary issues with its enterprise mannequin.
Oppenheimer analyst Jason Helfstein downgraded
Redfin
inventory (ticker: RDFN) to Underperform from Carry out in a analysis observe revealed Sunday and set a 12-month worth goal of $1.30. The analyst says the corporate’s enterprise mannequin doesn’t work, particularly throughout a housing market slowdown.
