Zillow Group price target lowered to $85 from $90 at Citizens

Citizens analyst Andrew Boone lowered the firm’s price target on Zillow Group (ZG) to $85 from $90 and keeps an Outperform rating on the shares. The firm is focused on how Compass (COMP), and now Anywhere, could change the listing process as it has introduced a three-phase marketing strategy for home sales following their merger, and worries that Compass and Anywhere’s Private Exclusives inventory may create an inferior user experience for Zillow as Compass clients have access to non-public listings, the analyst tells investors in a research note.