Cantor Fitzgerald lowered the firm’s price target on Zillow Group (ZG) to $56 from $68 and keeps a Neutral rating on the shares. Zillow delivered Q4 revenue slightly above expectations but EBITDA modestly below, with strength in Rentals and improving For Sale trends, while Q1 revenue guidance topped estimates despite EBITDA pressure from higher legal costs, the analyst tells investors in a research note. Although the housing market outlook remains choppy and legal overhangs persist, operational progress continues, Cantor says.
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