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Fly News Breaks for November 8, 2019
ZG
Nov 8, 2019 | 09:00 EDT
RBC Capital analyst Mark Mahaney raised his price target on Zillow to $47 after its Q3 earnings beat driven by its Internet, Media, Technology, or IMT, and Homes segments. The analyst expects the favorable trends in agent retention and productivity to boost the IMT EBITDA margin, but keeps his Sector Perform rating as he still anticipates Zillow Offers to worsen next year in absolute dollar terms.
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