Deutsche Bank lowered the firm’s price target on CoStar Group (CSGP) to $68 from $85 and keeps a Buy rating on the shares. The market reacted negatively to CoStar’s 2026 and medium-term update, which included a new $1.5B share repurchase authorization, the analyst tells investors in a research note. The firm sees “more questions than answers,” noting the outlook implies commercial margins declining 400 basis points due to fixed costs associated with shared resources which are being diverted to other areas.
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