BUZZ-J.P. Morgan raises PT on Australia's REA Group, upgrades to 'overweight'

Reuters

Oct 22, 2024

** Analysts at J.P. Morgan raise PT on Australia's REA Group

to A$240 from A$190

** Brokerage upgrades the Rupert Murdoch-owned News Corp

controlled property listing firm to "overweight" from "neutral"

** Expects company to generate solid yield growth with increased wallet and geographical share compared to its market competitors such as Domain Holdings

** REA has been the dominant online platform for residential real estate classifieds since its launch more than 20 years ago - JPM

** Brokerage says REA’s valuation appears more reasonable once earnings growth is taken into account

** REA is up 25.7% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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Morgan raise PT on Australia's REA Group</p><p>  to A$240 from A$190</p><p>   ** Brokerage upgrades the Rupert Murdoch-owned <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a></p><p>  controlled property listing firm to \"overweight\" from \"neutral\"</p><p>   ** Expects company to generate solid yield growth with increased wallet and geographical share compared to its market competitors such as Domain Holdings   </p><p>   ** REA has been the dominant online platform for residential real estate classifieds since its launch more than 20 years ago - JPM</p><p>   ** Brokerage says REA’s valuation appears more reasonable once earnings growth is taken into account</p><p>   ** REA is up 25.7% this year, as of last close</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p>((Rishav.Chatterjee@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-J.P. 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Morgan raises PT on Australia's REA Group, upgrades to 'overweight'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-10-22 06:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Analysts at J.P. Morgan raise PT on Australia's REA Group</p><p>  to A$240 from A$190</p><p>   ** Brokerage upgrades the Rupert Murdoch-owned <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a></p><p>  controlled property listing firm to \"overweight\" from \"neutral\"</p><p>   ** Expects company to generate solid yield growth with increased wallet and geographical share compared to its market competitors such as Domain Holdings   </p><p>   ** REA has been the dominant online platform for residential real estate classifieds since its launch more than 20 years ago - JPM</p><p>   ** Brokerage says REA’s valuation appears more reasonable once earnings growth is taken into account</p><p>   ** REA is up 25.7% this year, as of last close</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p>((Rishav.Chatterjee@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2477313848","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477313848","pubTimestamp":1729549141,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Analysts at J.P. 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Morgan raise PT on Australia's REA Group  to A$240 from A$190   ** Brokerage upgrades the Rupert Murdoch-owned News Corp  controlled property listing firm to \"overweight\" from \"neutral\"   ** Expects company to generate solid yield growth with increased wallet and geographical share compared to its market competitors such as Domain Holdings      ** REA has been the dominant online platform for residential real estate classifieds since its launch more than 20 years ago - JPM   ** Brokerage says REA’s valuation appears more reasonable once earnings growth is taken into account   ** REA is up 25.7% this year, as of last close (Reporting by Rishav Chatterjee in Bengaluru)((Rishav.Chatterjee@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}