Zillow Group price target lowered to $50 from $80 at Susquehanna

Susquehanna lowered the firm’s price target on Zillow Group (ZG) to $50 from $80 and keeps a Neutral rating on the shares. The firm said the company continues to execute well in a tough housing environment, and they believe the company’s initiatives should continue to help drive incremental growth and margins higher over time. Near-term legal expenses are weighing on EBITDA, but management is comfortable with annual EBITDA expectations.