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Fly News Breaks for July 23, 2019
ZG, Z, RLGY, AMZN
Jul 23, 2019 | 09:20 EDT
Craig-Hallum analyst Brad Berning said headlines about Amazon's (AMZN) newly-announced partnership with Realogy (RLGY) will spur increased fear of near-term competition in the personal real estate market, but he is skeptical that people will go to Amazon.com to search for a realtor or homes in any meaningful scale and views related weakness in shares of Zillow (ZG) as a buying opportunity. For Realogy, he thinks this "TurnKey" partnership is "desperation to improve their broker platform," which Berning sees having structural headwinds and a levered balance sheet. He maintains a Buy rating and $55 price target on shares of Zillow Group, which are down $1.73, or 3.7%, to $45.44 in pre-market trading.
News For ZG;Z;RLGY;AMZN From the Last 2 Days
AMZN
Sep 16, 2019 | 14:46 EDT
In a regulatory filing released on Friday, September 13, Apple (AAPL) disclosed that Disney (DIS) CEO Bob Iger had resigned from the board of Apple. While this news... To see the rest of the story go to thefly.com. See Story Here
AMZN
Sep 15, 2019 | 07:40 EDT
Shares of Cloudflare surged 20% in its first trading day, closing Friday at $18 after being priced at $15 the day before. Meanwhile, SmileDirectClub’s stock... To see the rest of the story go to thefly.com. See Story Here