0051 GMT - REA Group's bull at Citi sees positive signs for FY 2027 from the Australian real-estate advertiser's operating costs. The News Corp-controlled group has lowered its cost-growth guidance for its FY 2026, which ends June 30, and Citi analyst Siraj Ahmed thinks this could lead to improved consensus estimates for the subsequent 12 months. He tells clients in a note that REA's 3Q earnings miss is largely due to timing issues rather than anything problematic, and thinks that its buy-yield guidance is probably conservative. Citi has a last published buy rating and A$199.00 target price on the stock, which is up 2.8% at A$179.29. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 07, 2026 20:51 ET (00:51 GMT)
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