BUZZ-Zillow down as BofA cuts PT

Reuters
4 hours ago
BUZZ-<a href="https://laohu8.com/S/Z">Zillow</a> down as BofA cuts PT

** Real estate services provider Zillow Group's ZG.O shares fall 3.2% to $59.54

** BofA Global Research cuts PT to $72 from $83

** Brokerage expects another year of muted home volumes given affordability challenges and growing macro uncertainty on tariffs and recession risk

** In the near- to medium-term, BofA believes uncertainty over mounting real estate commission lawsuits could be disruptive to ZG's buy side revenue (nearly 50% of total) and weigh on investor sentiment

** 21 of 25 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $47.50, according to data compiled by LSEG

** ZG down ~15% YTD, as of Thursday's close

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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