Redfin Stock Slips on Goldman Sachs Downgrade

RDFN is down over 22% since the start of the monthReal estate stock Redfin Corp (NASDAQ:RDFN) is down 4.7% at $7.98 at last check, after a downgrade from Goldman Sachs to "sell" from "neutral." The analyst in coverage noted potential headwinds from home affordability, agent commission pressures, and industry competition. The majority of the covering brokerages carry a "neutral" rating, leaving more room for similar bear notes. Of the 17 in coverage, only two carry a "buy" or better rating, while 11 now carr ...