UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on Zillow Following Analyst Day

In a report published Thursday, Canaccord Genuity analyst Michael Graham reiterated a Buy rating on Zillow Z, and raised the price target from $45.00 to $60.00. In the report, Graham noted, “Zillow held its first analyst day, updating the core strategy and providing thoughtful depth around new marketplaces. The stock may collect at current levels after a strong run on housing market strength, but we leave this event more confident in Zillow's opportunity, strategy, and ability to execute.” Zillow closed on Wednesday at $54.70.