UPDATE: Re/Max Up 4% Following Upgrade by Morgan Stanley
February 24, 2014 at 10:12 AM EST
In a report released Monday by Morgan Stanley, analyst Vikram Malhorta upgraded Re/Max (NYSE: RMAX ) from Equal-Weight to Overweight, keeping price target at $36. The report highlighted an increase in US agent growth for the upcoming year as a reason for the change. In a survey conducted by Morgan