CoStar Group assumed with a Hold at Jefferies

Jefferies assumed coverage of CoStar Group with a Hold rating with a price target of $82, up from $80. The company’s database of commercial property information is “unmatched” and its growing market share in online residential has the potential to accelerate current double-digit organic revenue growth, but near-term uncertainty around commercial and the timing of the residential opportunity keeps the firm at a Hold rating, the analyst tells investors.