0002 GMT - Seek shakes off its bear at Goldman Sachs following the Australian job advertiser's recent share-price weakness. Analyst Kane Hannan raises his recommendation on the stock to neutral from sell, pointing to the 11% share-price decline that followed what he says was a constructive first-half result. He tells clients in a note that double-digit domestic yield growth, the partial monetization of its growth fund at a premium to recent valuations, and evidence of cost discipline are all positives. Uncertainty over global growth and potential for increased operating expenditure keep Hannan cautious. GS raises its target price 4.2% to A$25.00. Shares are down 1.1% at A$22.92. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 20:02 ET (00:02 GMT)
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