CoStar Group price target raised to $110 from $85 at JMP Securities

JMP Securities raised the firm’s price target on CoStar Group to $110 from $85 and keeps an Outperform rating on the shares. The firm is encouraged by the National Association of Realtors Antitrust Settlement, which, pending a judge’s approval, should remove an overhang around speculation regarding what a resolution may look like, the analyst tells investors in a research note. The firm sees a more favorable environment for Homes.com’s monetization model, though it is still early to gauge the impact on revenue growth.