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UPDATE: Deutsche Bank Downgrades Trulia to Hold on Valuation

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Deutsche Bank downgraded Trulia (NYSE: TRLA) from Buy to Hold and raised the price target from $30.00 to $34.00.

Deutsche Bank noted, "We downgrade our rating on Trulia shares from Buy to Hold as the current stock price exceeds our upwardly revised target price of $34 (from $30). The company has been executing well, and we continue to see meaningful upside to our estimates given the size of the real estate advertising end market at $24bn and tailwinds from the real estate recovery. We would be more bullish on any pullback under $30/share."

Trulia closed at $35.35 on Friday.

Latest Ratings for TRLA

DateFirmActionFromTo
Oct 2014Deutsche BankMaintainsHold
Jul 2014Deutsche BankDowngradesBuyHold
Jul 2014NeedhamDowngradesBuyHold

View More Analyst Ratings for TRLA
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Analyst Ratings

 

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