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Here are the biggest calls on Wall Street on Wednesday:
Deutsche upgraded the online real estate company and said it sees more "upside potential" due to the company's Premier Agent business among other things.
"We upgrade Zillow's shares to Buy (from Hold) and see meaningful upside potential to estimates across a number of vectors that can drive the shares higher. We added Zillow to our short-term Catalyst Call list as a Buy on June 8 and despite the run in the shares, we continue to see upside potential after doing more work. The company has gotten the Premier Agent (PA) business back on a stable footing through the Premier Agent 4 transition and the COVID-19 pandemic."
Berenberg upgraded the telemedicine company and said it sees a "strong" growth outlook following the company's merger with Livongo.
"Since the August 4, 2020 announcement of the $18.5bn merger with Livongo Health, a digital health company focused on chronic disease management, TDOC and LVGO shares have sold off 13% and 3%, respectively. Amidst this valuation reset, we believe a strong growth outlook for the proforma telehealth business appears overlooked."