Zillow's exit from the home-buying business earns a wave of downgrades from surprised analysts

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Jesse Pound@/in/jesse-pound@jesserpound
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The Zillow app on a mobile phone in Dobbs Ferry, New York, May 1, 2021.
Tiffany Hagler-Geard | Bloomberg | Getty Images

Zillow's decision to bail on its iBuying program for real estate forced several formerly bullish Wall Street analysts to downgrade the stock.