** 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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