Keefe Bruyette analyst Ryan Tomasello lowered the firm’s price target on CoStar Group (CSGP) to $75 from $100 and keeps an Outperform rating on the shares. The possibility of activism is likely to help keep a floor in the stock over the near-term, the analyst tells investors in a research note.
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Read More on CSGP:
- Balanced Risk/Reward and Reduced Valuation Drive Hold Rating on CoStar Shares
- CoStar Group price target lowered to $68 from $85 at Deutsche Bank
- CoStar Group price target lowered to $55 from $60 at Wells Fargo
- CoStar Group price target lowered to $72 from $77 at BMO Capital
- CoStar Group price target lowered to $78 from $100 at Citizens