B. Riley Upgrades CoStar (CSGP) to Buy, Starts LoopNet (LOOP) at Buy
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- B. Riley Upgrades CoStar (CSGP) to Buy, Starts LoopNet (LOOP) at Buy
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B. Riley issued research notes on two stocks in the Computer Services industry earlier: CoStar Group (Nasdaq: CSGP) and LoopNet (Nasdaq: LOOP).
The firm raised its investment rating on CoStar from Neutral to Buy, and initiated coverage on LoopNet with a Buy rating.
Shares of CoStar have rallied more than 2% today, most recently trading at $40.26. Meanwhile, shares of LoopNet, after hitting its 200-day SMA just before 2pm ET, have jumped more than 3% and are trading around $9.25.
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