Seek Could Add Long-Term Value With Xref Acquisition -- Market Talk

Dow Jones10-15

2350 GMT - An acquisition of Xref by Seek would initially be earnings dilutive but could add long-term value to the Australian job advertiser, Macquarie analysts write in a note. They point out that the reference-checking tech provider is currently loss making, but that its capabilities could enhance the trust that Seek enjoys among customers. Trust and customer usability are key drivers of Seek's price-growth strategy, they add. Macquarie raises its target price on Seek shares by 12% to A$28.00 and keep an outperform rating on the stock, which is up 0.6% at A$25.40. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 19:50 ET (23:50 GMT)

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They point out that ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XF1.AU","symbol_name":"XREF LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475325377","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475325377","pubTimestamp":1728949800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2350 GMT - An acquisition of Xref by Seek would initially be earnings dilutive but could add long-term value to the Australian job advertiser, Macquarie analysts write in a note. 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