CoStar Group is trading 5.1% down today at $27.17 following a rating downgrade from Baird and ongoing leadership uncertainty.
- Baird cut its rating to Neutral from Outperform and reduced its price target, citing a lack of forward guidance and reduced confidence following the recent CFO transition.
- Shares are currently trading near new 52-week lows as the market expresses skepticism regarding the company's aggressive residential expansion strategy.