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Fly News Breaks for February 22, 2019
Feb 22, 2019 | 06:25 EDT
BofA/Merrill analyst Nat Schindler downgraded Zillow to Underperform with a $31 price target citing weak Q4 results and even weaker full year guidance. Schindler expects further deceleration and margin pressure to continue and said management's long-term bullish tone on the call contrasted with the "reality of decelerating revenue growth and FY19 guidance.
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