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Fly News Breaks for April 24, 2018
CSGP
Apr 24, 2018 | 09:39 EDT
SunTrust analyst Andrew Jeffrey raised his price target on CoStar Group to $435 and kept his Buy rating, saying he was impressed by the 19% rise in the company's suite organic revenue growth thanks to increased value and cross-selling. Jeffrey further contends that while some deceleration may be "natural", the company has a "strong competitive position" to for pricing rationalization and ongoing cross-selling momentum.