Morgan Stanley Sees Trulia As Overvalued Relative To Peers
February 14, 2014 at 08:31 AM EST
In a report published Friday, Morgan Stanley analyst Scott Devitt reiterated an Underweight rating on Trulia (NYSE: TRLA ). In the report, Morgan Stanley noted, “We think Trulia is overvalued relative to peers despite strong near-term business tailwinds. We believe that the addressable market for the online real estate advertising