UPDATE: Morgan Stanley Reiterates on Trulia Following AlphaWise Survey

In a report published Monday, Morgan Stanley analyst Scott Devitt reiterated an Underweight rating on Trulia (NYSE: TRLA ), but lowered the price target from $31.00 to $28.00. In the report, Morgan Stanley noted, “Even though Trulia shares trade at a large valuation discount to Zillow, we believe Trulia faces