Barclays Raises Zillow Rating, Cites Sharper Execution Amid Lingering Housing Headwinds
Barclays upgraded Zillow from Underweight to Equal Weight and increased its price target to $72 from $66, pointing to improved execution at the company even as the U.S. housing market faces persistent challenges. The firm highlighted Zillow's recent revenue and adjusted EBITDA performance, a more palatable valuation versus expected growth, and an e…