Zillow Poised To Reap Benefits of Lower Mortgage Rates, Wedbush Says

Key TakeawaysMortgage rates fell to a 19-month low, which Wedbush analysts say is a likely catalyst for Zillow Group.Shares of the real estate company are up about 50% since the company named a new CEO in early August.Wedbush is bullish on the company's software and services initiatives. Zillow Group (Z) is well positioned to benefit from lower U.S. mortgage rates, Wedbush analysts said Monday. The firm upgraded the online real estate marketplace to "outperform" from "neutral," and raised its price target t ...