UPDATE: Keefe, Bruyette & Woods Downgrades Corelogic Following Earnings Report

In a report published Tuesday, Keefe, Bruyette & Woods analyst Bose George downgraded the rating on Corelogic (NYSE: CLGX) from Outperform to Market Perform, and lowered the price target from $36.00 to $32.00.

In the report, Keefe, Bruyette & Woods noted, “CLGX reported earnings that came in largely in line with our expectations. However, the company reduced guidance by about 10%. We are lowering our EBITDA estimates to be in line with management guidance. We lower our price target to $32 from $36 to incorporate the lower earnings outlook and to incorporate a lower target multiple. We are reducing our rating to Market Perform from Outperform.”

Corelogic closed on Monday at $27.90.