Bernstein Downgrades Zillow Group to Market Perform and Cuts Price Target
Bernstein cut Zillow Group (ZG) to Market Perform from Outperform, lowering its price target to $38 from $50 after the firm’s Q2 view. In parallel, Wolfe Research upgraded Global Payments, JPMorgan upgraded Charles River, and TD Cowen upgraded TPG, with several other coverage and rating changes across the sector.