Jefferies raised the firm’s price target on CoStar Group to $95 from $85 and keeps a Hold rating on the shares. The firm expects Homes.com commentary to drive near-term stock performance, though its sense is that expectations are high and a Homes.com bookings number below $30M would disappoint. The potential impact of the NAR settlement and other recent developments are “increasingly hotly debated,” the analyst added in a preview note for the Information Services group.
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- CoStar Group price target raised to $109 from $95 at RBC Capital
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