Realogy Holdings (RLGY) Misses Q2 EPS by 3c; Offers Guidance

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Realogy (RLGY) PT, Estimates Cut at Piper Jaffray Following Disappointing Results, Outlook

August 5, 2016 8:07 AM EDT

Piper Jaffray analyst Jason Deleeuw reiterated an Overweight on Realogy (NYSE: RLGY) but cut his price target to $36.00 (from $46.00) following disappointing 2Q results and outlook for 16 as soft high-end markets and agent retention hurt NRT segment results.

Deleeuw commented, "NRTs more heavily-weighted geographic... More