KeyBanc lowered the firm’s price target on Zillow (Z) Group (ZG) to $85 from $95 and keeps an Overweight rating on the shares. While the firm has not lowered estimates, KeyBanc applied lower multiples to its advertising and real estate stocks to reflect greater macro uncertainty.
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Read More on ZG:
- Zillow put volume heavy and directionally bearish
- Zillow Group: Strong Market Positioning and Strategic Initiatives Drive Buy Rating
- Rocket/Redfin deal modest net negative for Zillow for sale unit, says Barclays
- Redfin upgraded to Hold from Underperform at Gordon Haskett
- Zillow Group’s Growth Potential and Strategic Investments Justify Buy Rating
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