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Fly News Breaks for March 22, 2016
ZG, Z
Mar 22, 2016 | 08:28 EDT
As noted earlier, RBC Capital upgraded Zillow to Outperform from Sector Perform. As reasons for the upgrade, the firm cited positive data from surveys of real estate agents and consumers, insider buying of the company's stock, and valuation. The firm says the surveys show that online traffic trends remain strong, while Zillow's share among agents has hit record highs. The firm raised its target on Zillow Group Class A shares to $34 from $21.
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