KeyBanc raised the firm’s price target on Zillow (Z) Group (ZG) to $92 from $90 and keeps an Overweight rating on the shares. The firm notes Zillow’s Q2 results were ahead of its/Street’s expectations as Residential revenue returned to growth above the broader real estate market. While mix dynamics may have played a role, KeyBanc believes the primary driver of outperformance was continued momentum within enhanced markets and ongoing adoption of Zillow’s software tools.
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