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Fly News Breaks for December 19, 2017
CSGP
Dec 19, 2017 | 08:22 EDT
Needham analyst Mayank Tandon raised the price target on CoStar Group to $350 after recent investor meetings, saying the discussion boosted his near-medium term confidence that the company will reap benefits from investments in sales and technology. Specifically, Tandon sees an up-sell opportunity in LoopNet, generating low to mid-teens organic revenue growth and driving EBITDA margin improvement through FY18 and into FY19. The analyst keeps his Buy rating on CoStar Group.
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