BUZZ-Australia's REA gains; UBS lifts PT, upgrades outlook post Q1 result

Reuters
11 Nov 2024

** REA Group , controlled by Rupert-Murdoch owned News Corp , rises 1% to A$236.63

** UBS raises PT to A$268 from A$236; maintains "buy"

** Says Australian property listing firm's Q1 results, above market estimates, were solid and showed execution

** Adds REA set up for depth growth in the rest of FY25

** Raises FY25-27 rev estimates by an average of 2%

** REA has risen 29.3% YTD, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

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

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