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Fly News Breaks for May 13, 2015
Z
May 13, 2015 | 08:07 EDT
Canaccord noted Zillow's Q1 results were in-line but the firm believes its underlying fundamentals remain strong, leaving them comfortable buying the stock. The firm feels 2016 should be a year of pricing power and the company should be able to extract more value from the real estate market over time. Canaccord reiterated its Buy rating and $115 price target on Zillow shares.
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