Compass came under pressure after reports that the New York Attorney General's office is investigating the company's market position from an antitrust perspective. On June 4, Deutsche Bank said it believes the recent selloff presents a buying opportunity for investors who can look beyond near-term headline risks, noting there is no public statement from the New York Attorney General's office and it is unclear whether the matter could lead to a formal investigation or legal action. Deutsche Bank has a Buy rating on Compass with a price target of $13. Barclays also shared a similar view, saying it sees a buying opportunity with meaningful upside potential and maintaining an Overweight rating.
Compass IncAntitrust probe reports caused selloff, but analysts see buying opportunity; outcome uncertain.
Compass Group PLC
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