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UPDATE: Morgan Stanley Downgrades Zillow on TAM Saturation Concerns, Stock Overvalued

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In a report published Thursday, Morgan Stanley analyst Scott Devitt downgraded the rating on Zillow (NASDAQ: Z) from Equal-Weight to Underweight, but raised the price target from $66.00 to $70.00.

In the report, Morgan Stanley noted, “We downgrade Zillow to Underweight, as we have concerns about TAM saturation and believe the stock is overvalued relative to its market opportunity.”

Zillow closed on Wednesday at $100.50.

Latest Ratings for Z

DateFirmActionFromTo
Feb 2021SusquehannaMaintainsNeutral
Feb 2021Morgan StanleyMaintainsEqual-Weight
Feb 2021NeedhamMaintainsBuy

View More Analyst Ratings for Z
View the Latest Analyst Ratings

 

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Posted-In: Morgan Stanley Scott DevittAnalyst Color Downgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
SCYXAegis CapitalMaintains40.0
ARGOBoenning & ScattergoodDowngrades
TLSAZacks Investment ResearchInitiates Coverage On7.5
TOTJP MorganUpgrades
WSOMorgan StanleyMaintains244.0
View the Latest Analytics Ratings
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