UPDATE: J.P. Morgan Upgrades Trulia to Overweight on Strong Subscriber Growth

In a report published Wednesday, J.P. Morgan analyst Doug Anmuth upgraded the rating on Trulia (NYSE: TRLA ) from Neutral to Overweight, and raised the price target from $34.00 to $41.00. In the report, Anmuth noted, “Trulia shares have appreciated nearly 80% YTD, but we think there's still material upside