Analysts initiate coverage of Re/Max

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Two analysts have initiated coverage of Re/Max Holdings, weighing in on whether they think the company’s shares are a good investment at their current price, and have room to grow. RBC Capital has initiated coverage of Re/Max with an “outperform” rating; JPMorgan is “neutral.”

Re/Max this month priced shares in an initial public offering at $22, and has since traded in a range of $27 to $33.54Source: finance.yahoo.com