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Fly News Breaks for April 24, 2019
CSGP
Apr 24, 2019 | 07:36 EDT
Citi analyst Peter Christiansen raised his price target for CoStar Group to $575 from $490 and keeps a Buy rating on the shares. The analyst says that while CoStar's Q1 performance "did not break the expectations meter" as in the case of Q4, he found several developments that increase his confidence for continued growth and margin upside in 2019 and 2020. The company's 30% planned "Suite" sales force expansion should be viewed as a "significant positive," Christiansen tells investors in a research note.
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