Wells Fargo lowered the firm’s price target on CoStar Group (CSGP) to $48 from $55 and keeps an Underweight rating on the shares. The firm notes info services sold off on AI concerns following Gartner’s (IT) Q4 earnings and Anthropic entering legal workflows. Wells believes many of the stock moves are unwarranted and sees compelling buying opportunities in info services companies with proprietary data.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSGP:
- Jefferies EU hotel analyst holds analyst/industry conference call
- CoStar Group reiterates initiatives to increase long-term shareholder value
- Midday Fly By: CMS proposal sinks insurers, UnitedHealth reports mixed Q4
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- CoStar Stock (CSGP) Jumps as Third Point Plans Proxy Board Fight