0032 GMT - REA's 1Q performance looks very strong to Goldman Sachs analysts, who cite the Australian real-estate advertiser's market leadership as they reiterate a buy rating on the stock. They point out in a note to clients that REA's confidence that it can deliver double-digit buy-yield growth over the next five years contrasts with the challenges faced by smaller rival Domain. The analysts gain extra confidence in the News Corp.-controlled company's short-term performance from the fact that it has upgraded its listings-volumes expectations, from flat to 1% annual growth. GS lifts its target price 2% to A$249.00. Shares are up 0.4% at A$235.16. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 10, 2024 19:32 ET (00:32 GMT)
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