Zillow Group initiated with a Buy at UBS

UBS analyst Lloyd Walmsley initiated coverage of Zillow Group with a Buy rating and $50 price target as part of a broader research note on Online Real Estate names. The analyst contends that "maximum uncertainty" presents opportunity for long-term investors and that a "brighter environment" is coming a year from now. Walmsley adds that he expects to see more tangible progress towards Zillow’s goal to double transaction share from 2021 through 2025.