Bank of America has downgraded shares of Zillow, an online database real estate company, citing a “greater risk” to profits from added mortgage lending. Bank of America Merrill Lynch has lowered its rating from “buy” to “neutral” on the stock. Analyst Nat Schindler explained that the company’s recent plan to acquire Mortgage Lenders of America … Continue reading “Zillow Was Just Downgraded For This Reason”
