B of A Securities Downgrades Zillow Gr to Neutral
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Nat Schindler has downgraded Zillow Group (NASDAQ:ZG) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.
January 10, 2024 | 11:38 am
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NEGATIVE IMPACT
Zillow Group (NASDAQ:ZG) has been downgraded by B of A Securities from Buy to Neutral, which may lead to a negative perception among investors and could impact the stock price in the short term.
Downgrades by analysts can lead to a decrease in investor confidence and can result in a short-term decline in the stock price as market participants reassess the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100