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Fly News Breaks for July 25, 2018
CSGP
Jul 25, 2018 | 05:39 EDT
JPMorgan analyst Sterling Auty raised his price target for CoStar Group to $412 saying Q2 brought a "big margin beat" on cost cutting. The same primary revenue drivers continued in the June quarter with the core CoStar growing about 18% on the back of solid Loopnet conversions, Auty tells investors in a post-earnings research note. The analyst, however, keeps an Underperform rating on the shares.