Real Estate Stock Soars on Upgrade, Rate-Cut Buzz

Zillow Group Inc (NASDAQ:Z) is one of the best stocks on the Nasdaq this morning, last seen up 3.2% to trade at $61.58, and earlier hitting a new two-year high of$61.71. The real estate services stock was upgraded to "outperform" from "neutral" by Wedbush, and the firm also threw in a hefty price-target hike to $80 from$50. The analyst in coverage noted falling mortgage rates -- last seen at 6.1% -- and lower borrowing costs hopefully ahead as the Federal Reserve cuts interest rates. Z has now built some ...