Barclays analyst Trevor Young upgraded Zillow (Z) Group (ZG) to Equal Weight from Underweight with a price target of $72, up from $66. The residential backdrop is “stable, but not yet inflecting,” but Zillow can post mid-teens revenue growth and faster EBITDA, the analyst tells investors in a research note. The firm believes a lot of downside risks are priced into shares. Zillow’s recent execution improves the stock’s risk/reward, contends Barclays.
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