Barclays lowered the firm’s price target on Zillow (Z) Group (ZG) to $60 from $64 and keeps an Underweight rating on the shares. The company’s Q2 revenue guidance is in line but EBITDA was light on marketing and Redfin partnership costs, the analyst tells investors in a research note. The firm says the renewed commentary on an uncertain macro environment and challenging housing market backdrop are likely to persist.
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Read More on ZG:
- Zillow Group Class A: Hold Rating Amid Mixed Performance and Macroeconomic Challenges
- Zillow Group: Hold Rating Amid Mixed Segment Performance and Macroeconomic Challenges
- Zillow Group: Strong Performance Amid Cautious Housing Market Outlook Justifies Hold Rating
- Zillow price target lowered to $74 from $76 at Keefe Bruyette
- Zillow Group’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
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