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Fly News Breaks for February 20, 2020
ZG
Feb 20, 2020 | 08:43 EDT
SunTrust analyst Naved Khan raised his price target on Zillow to $70 and kept his Buy rating after its "strong" Q4 results and 2020 outlook. The analyst is also positive on the "favorable macro backdrop" for Zillow's Internet, Media, and Technology segment that is benefiting from improving Premier Agent retention rate and cost efficiencies, while noting that its Flex initiative offers "encouraging" early data.
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