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Fly News Breaks for February 5, 2018
CSGP
Feb 5, 2018 | 08:32 EDT
SunTrust analyst Andrew Jeffrey raised his price target on CoStar to $410, saying the company is poised for organic revenue growth acceleration and margin expansion from the cross-sales of its integrated Suite offering. Jeffrey contends that the December-quarter bookings were not an aberration despite being aided by a bankruptcy of the company's competitor, noting that investments that were made to support growth in the past few years are yielding results. The analyst keeps his Buy rating on CoStar Group.
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