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Fly News Breaks for October 27, 2016
CSGP
Oct 27, 2016 | 13:37 EDT
CoStar Group "dropped a bombshell" on the market by introducing a significant new investment cycle focused on the integration of Loopnet and Costar core suite, research improvement and scaling out sales in multifamily, JPMorgan analyst Sterling Auty tells investors in a research note. The analyst views today's selloff as a buying opportunity, saying management has a "good track record of executing on the new plans and delivering results." Auty has an Overweight rating on CoStar.
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