Anywhere Real Estate Inc. (NYSE:HOME) is one of the shares Jim Cramer offered information on. Responding to a caller’s question about the stock, Cramer commented:
“Yeah, you know what? I know those guys because my wife sold real estate. I don’t want to be in that group. I think it really takes a much more active market to be able to justify being in that. I’m going to step away. It just doesn’t seem right to me right now.”
Pixabay/Public domain
Anywhere Real Estate Inc. (NYSE:HOUS) offers residential real estate services, including name-brand franchises, full-service brokerage, relocation support, and title and settlement services. On Dec. 8, Barclays raised its price target on the company’s shares to $19 from $13 and maintained an equal weight rating. Barclays expects single-family homes to continue falling. However, he sees opportunities for construction products and brokerage stocks to do well even if new home construction remains weak.
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Disclosure: None. This article was originally published in privileged monkey.