Zillow stock gets a downgrade at Wedbush amid 'softer trends' throughout the business

Wedbush analyst Jay McCanless downgraded Zillow Group Inc.'s stock to neutral from outperform Friday, in the wake of the real-estate company's latest earnings report that brought a lower third-quarter outlook than expected and showed the pains the company is experiencing from its exit of the iBuying business. "While we are favorable on ZG's net cash balance sheet and the long term partnership with OPEN announced yesterday (8/4), we cannot avoid the fact that both of ZG's primary business...