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ZG

Zillow

$59.04

0.89 (1.53%)

06:27
08/07/18
08/07
06:27
08/07/18
06:27

Zillow downgraded to Neutral from Buy at BofA/Merrill

BofA/Merrill analyst Nat Schindler downgraded Zillow to Neutral and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook cut, and other revenue also missed, indicating new construction opportunity is also taking longer to materialize.

  • 07

    Aug

  • 06

    Sep

ZG Zillow
$59.04

0.89 (1.53%)

07/31/18
JEFF
07/31/18
NO CHANGE
Target $60
JEFF
Hold
Zillow price target raised to $60 from $52 at Jefferies
Jefferies analyst Brent Thill raised his price target for Zillow to $60 after taking a "deep dive look" at the valuation based on the company's different business units and drivers. The resulting sum-of-the-parts points to a "more interesting risk/reward," with the biggest pushback on the "home flipping market," Thill tells investors in a research note. The analyst estimates this unit will account for just 26% of total revenue in 2020, and he likes that Zillow is carving out a collection of real estate offerings. His bull case is $76 per share, or 35% potential upside, but he keeps a Hold rating on the shares pending a better entry point.
06/18/18
06/18/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Redfin (RDFN) was downgraded to Sell from Neutral at Goldman Sachs while Zillow (Z, ZG) was downgraded to Neutral from Buy. 2. Dun & Bradstreet (DNB) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. 3. Hibbett Sports (HIBB) downgraded to Underperform from Buy at BofA/Merrill analyst Rafe Jadrosich saying he expects negative same-store-sales declines in Q4 and continuing through 2020 as Hibbett laps the ecommerce launch and excess inventory clearance. 4. Cheesecake Factory (CAKE) downgraded to Neutral on valuation at BTIG with analyst Peter Saleh citing recent share strength. 5. Intel (INTC) downgraded to Underperform from Market Perform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/18/18
GSCO
06/18/18
DOWNGRADE
Target $21
GSCO
Sell
Redfin downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Heath Terry downgraded Redfin (RDFN) to Sell with an unchanged price target of $21. Macro pressures have an outsized impact on Redfin, Terry tells investors in a research note. He downgraded the online real estate stocks ahead of what has historically been a period of seasonal underperformance, along with expectations for continued tightness in housing and mortgage availability as well as signs of increasing competition in the online real estate category. Terry this morning also downgraded Zillow Group (ZG) to Neutral.
06/18/18
GSCO
06/18/18
DOWNGRADE
Target $60
GSCO
Neutral
Zillow downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Heath Terry downgraded Zillow Group to Neutral with an unchanged price target of $60. The analyst notes the shares have significantly outperformed after rallying 59% year-to-date. He downgraded the online real estate stocks ahead of what has historically been a period of seasonal underperformance, along with expectations for continued tightness in housing and mortgage availability as well as signs of increasing competition in the online real estate category.

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ERYP

Erytech Pharma

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LMT

Lockheed Martin

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MDCO

The Medicines Co.

$35.38

-1.01 (-2.78%)

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The Medicines Co. files to sell $150M of common stock »

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MHTLY

Metcash

$0.00

(0.00%)

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Metcash rating change at Goldman Sachs »

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MKTX

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AAXN

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XNCR

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JLL

Jones Lang LaSalle

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TMSR

TMSR Holding

$1.67

(0.00%)

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MDCO

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XNCR

Xencor

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HFF Inc.

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HF

HFF Inc.

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JLL

Jones Lang LaSalle

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MLAB

Mesa Labs

$227.44

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MLAB

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AAXN

Axon

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AAXN

Axon

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MKTX

MarketAxess

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VGZ

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AAPL

Apple

$198.60

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HPE

HP Enterprise

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NGM

NGM Biopharmaceuticals

$13.88

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VNDA

Vanda Pharmaceuticals

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CBAY

CymaBay

$6.76

-0.32 (-4.52%)

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PK

Park Hotels & Resorts

$27.47

-0.73 (-2.59%)

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