RBC Capital Downgrades CoStar Gr to Sector Perform, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded CoStar Group from Outperform to Sector Perform and reduced its price target from $96 to $83.
October 23, 2024 | 1:48 pm
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RBC Capital has downgraded CoStar Group from Outperform to Sector Perform, reducing the price target from $96 to $83. This suggests a less optimistic outlook on the stock's performance.
The downgrade from Outperform to Sector Perform indicates a shift in RBC Capital's outlook on CoStar Group, suggesting that the stock may not outperform its sector peers. The lowered price target from $96 to $83 further implies a reduced expectation for the stock's future price, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100