- Analyst Mark Mahaney (employed by Citi prior to a certain Facebook-related incident) thinks Trulia's (TRLA -5.8%) risk/reward is less compelling following a huge 2013 run-up, and is also worried about tougher competition and challenges related to integrating recently-acquired Market Leader.
- The downgrade comes as rival Zillow announces a secondary offering and the acquisition of NYC real estate site StreetEasy.