UPDATE: SunTrust Robinson Humphrey Reiterates Neutral Rating, Lowers PT on Display Weakness

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In a report published Thursday, SunTrust Robinson Humphrey analyst Robert S. Peck reiterated a Neutral rating on
ZillowZ
, but lowered the price target from $125.00 to $115.00. In the report, SunTrust Robinson Humphrey noted, “Management raised its FY14 slightly - $1M at the midpoint to account for the 3Q beat, but lowered EBITDA and remains cautious on the near term outlook for its Display business. Our forecasts for Revenue/EBITDA/EPS goes to $323M/$55M/$0.26 from $323M/$55M/$0.46 for FY14 and $464M/$94M/$1.12 from $450M/$102M/$1.22 for FY15.” Zillow closed on Wednesday at $103.77.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsRobert S. PeckSunTrust Robinson Humphrey
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