BMO Capital Maintains Market Perform on CoStar Gr, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jeffrey Silber has maintained a Market Perform rating on CoStar Group (CSGP) but lowered the price target from $84 to $79.
February 22, 2024 | 3:48 pm
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CoStar Group's price target was lowered from $84 to $79 by BMO Capital, although the Market Perform rating was maintained.
The reduction in price target by BMO Capital suggests a less optimistic outlook on CoStar Group's stock value in the short term, potentially leading to negative investor sentiment and a decrease in stock price. However, maintaining the Market Perform rating indicates that the analyst does not foresee significant underperformance relative to the market, moderating the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100