CoStar Group price target lowered to $44 from $73 at Citizens

Citizens lowered the firm’s price target on CoStar Group (CSGP) to $44 from $73 and keeps an Outperform rating on the shares. The firm expects that the company will eventually scale back investment in Homes.com if returns don’t materialize, the analyst tells investors in a research note. While near-term results may be pressured, the core business remains strong, and a potential shift toward profitability, particularly outside Homes.com, could drive meaningful upside as the company works toward its long-term financial targets, Citizens says.