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MarketWatch
Market Pulse: Homestore.com upped at Deutsche,seen back in black soon
Friday August 5, 5:32 am ET
By Aude Lagorce
LONDON (MarketWatch) -- Deutsche Bank upgraded online real estate company Homestore.com to buy from hold, saying it believes the company has turned the corner toward double-digit growth and is now back in the black as of the second quarter. The broker told clients it thinks that accelerating revenue growth, expense controls, EBITDA margin expansion and a new service launch in the third quarter should bode well for the company.