Piper Sandler downgrades Redfin, citing challenging housing outlook with mortgage rates jumping

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Samantha Subin@samantha_subin
WATCH LIVE
Redfin IPO at the Nasdaq market site in New York, July 28, 2017.
Source: Nasdaq

Piper Sandler thinks there are "few quick fixes" to save Redfin from a challenging housing market that's battling rising mortgage rates.