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UPDATE: RBC Capital Downgrades Trulia

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In a note released Thursday, RBC analyst Mark Mahaney downgraded shares of Trulia (NYSE: TRLA) from Outperform to Sector Perform and maintained a $45 price target.

Mahaney began by acknowledging the stellar performance of Trulia so far this year, as its shares are up 28 percent versus six percent for the S&P 500. However, as the stock is now trading near his current price target, he does not see "material" upside.

Mahaney wrote, "We continue to believe Trulia should trade at premium multiples to our Internet peer coverage universe in general, but should trade at a discount to market leader, Zillow."

Following the release of the note, shares of Trulia are down over three percent.

Latest Ratings for TRLA

DateFirmActionFromTo
Sep 2017MaintainsBuy
Oct 2014MaintainsHold
Jul 2014MaintainsEqual-Weight

View More Analyst Ratings for TRLA
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Posted-In: Mark Mahaney RBC Capital MarketsAnalyst Color News Downgrades Price Target Analyst Ratings

 

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Latest Ratings

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TORCCantor FitzgeraldDowngrades3.0
CIDMCanaccord GenuityMaintains1.5
TDGCanaccord GenuityMaintains620.0
DLPNCanaccord GenuityMaintains1.6
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