0202 GMT - REA Group's bull at Morgans continues to look past any near-term volatility facing the News Corp-controlled real-estate advertiser, flagging its tight cost control and pricing power. Keeping a buy rating on the stock, analyst Steven Sassine acknowledges the potential headwind from a decline in listings volumes amid higher interest rates and cost-of-living pressures. He nonetheless sees REA as one of the highest quality companies covered by Morgans, highlighting that it lowered its full-year operating-cost guidance despite falling volumes. Morgans lowers its target price 0.5% to A$219.00. Shares are down 3.8% at A$170.79. 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 11, 2026 22:02 ET (02:02 GMT)
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