BUZZ-Jefferies raises Australia's REA Group PT after strong quarterly earnings
News Corporation Class A NWSA | 0.00 | |
Rare Earths Americas, Inc. REA | 0.00 |
** Analysts at Jefferies lift price target for Australia's REA Group REA.AX to A$204.00 from A$192.00; reiterate "buy" rating
** REA on Friday reported 16% rise in third-quarter EBITDA to A$220 million ($159.35 million)
** Jefferies upgrades property listing firm's EPS forecasts by 1% and 3% in FY26 and FY27, driven by improved cost controls
** Forecast REA yield growth of 12% in FY27, supported by prices rises, Luxe bundling and sustained penetration of Audience Maximiser segment - Jefferies
** Morningstar expects REA to become more constrained in raising listing fees due to competition, regulatory intervention and possible property price declines
** REA down 3.5% YTD
($1 = 1.3806 Australian dollars)
