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BTIG Maintains Buy Rating on CoStar Group (CSGP)
BTIG analyst Jake Fuller reiterated a Buy rating on CoStar Group (CSGP) but lowered the price target to $55 from $60, citing a delayed recovery in existing home sales. Similarly, Stephens analyst Brett Huff also lowered his price target to $50 from $70, maintaining an Overweight rating, following news that activist investor Third Point exited its position and dropped its proxy fight with CoStar Group. Third Point’s Daniel Loeb stated they no longer believe their original thesis holds true for the company.