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Fly News Breaks for April 6, 2015
Z
Apr 6, 2015 | 06:25 EDT
Citigroup says its analysis indicates that despite the recent underperformance, shares of Zillow Group are still pricing in "relatively bullish" long-term assumptions for the company's Premier Agent business. Citi thinks traction in Zillow's smaller initiatives, like rentals and mortgage, may be needed for shares to move meaningfully higher. The firm keeps a Neutral rating on Zillow Group. The stock was downgraded this morning at Barclays to Equal Weight.
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