** Shares of online employment marketplace SEEK SEK.AX slips 3% to A$19.74
** Firm's job ad index deteriorated in March, down 12.8% Y/Y
** "The near-term outlook is not reassuring, given U.S. reciprocal tariffs, federal election and timing of Easter/Anzac Day," Jefferies notes
** Brokerage believes consensus forecasts for FY26 may be too high given the uncertain economic outlook
** Jefferies' forecast is 8% below consensus for FY26 EBITDA, mainly driven by lower volume assumptions
** Brokerage maintains "Hold" rating at a price target of A$21.70
** Stock down 12.5% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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