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Zillow (ZG) Downgraded at Canaccord Until Macro Picture Improves

November 3, 2022 10:04 AM EDT

Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) was downgraded to Hold from Buy at Canaccord, with its price target lowered to $34 from $48 in a note to clients on Thursday following the company's earnings release.

In addition, BofA reiterated an Underperform rating on Zillow.

Canaccord analyst Maria Ripps told investors in a note that "Zillow's... More