Zillow Group price target raised to $59 from $50 at Citi

Citi analyst Ronald Josey raised the firm’s price target on Zillow Group to $59 from $50 and keeps a Buy rating on the shares. Zillow reported better than expected Q4 results and although the Q1 guidance was relatively in-line with consensus, Zillow’s Premier Agent business continues to outperform the broader industry, a trend that should continue as rates stabilize into the all-important spring and summer selling season, the analyst tells investors in a research note.