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Zillow Shares Monster Rally Pauses After CRT Downgrade
Tuesday, April 22, 2014 - 10:48am | 156On Tuesday, CRT Capital downgraded shares of Zillow (NASDAQ: Z) from Buy to Fairly Valued and maintained a $96 price target. Analyst Neil Doshi feels the stock has run to a level which makes the risk-reward “balanced.” The stock is now trading at “~12x 2015 P/S and ~44x 2015 EV/EBITDA,” according...
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UPDATE: CRT Capital Initiates Coverage on Trulia
Friday, April 11, 2014 - 1:10pm | 121On Friday, CRT Capital initiated coverage on Trulia (NYSE: TRLA) with a Fair Value rating and $37 price target. Analyst Neil Doshi views the company as “a strong number-two player in the online real estate category” after Zillow due to Zillow's “share of voice” lead and its “position as a...