Analysts initiate coverage of Re/Max

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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