Why Compass (COMP) Stock Is Down Today

Shares of real estate technology company Compass (NYSE:COMP) fell 4.6% in the afternoon session after Wells Fargo analyst Alec Brondolo reduced the price target on the company to $10 while maintaining an Equal Weight rating. Wells Fargo analyst Alec Brondolo reduced the 12-month target by 23%, shrinking implied upside to roughly 6.5% from the prior closing price of $9.39. The reduction reverses an August target increase to $13, signaling mounting caution ahead of the company's third-quarter earn