Zillow Group price target lowered to $60 from $64 at Barclays

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.