Compass price target raised to $12 from $9 at Wells Fargo

Wells Fargo raised the firm's price target on Compass to $12 from $9 and keeps an Equal Weight rating on the shares. Luxury market outperformance strengthened in Q2, the firm notes, adding that it is tweaking revenues modestly higher and expecting results in upper half of guidance range. Wells says story appears on track and is expecting a clean print.