0155 GMT - News Corp's Australia-listed securities are recommended by Jarden analysts as a better way of getting exposure to REA Group than buying direct shares in the real-estate advertiser. They tell clients in a note that the current valuation of News Corp-controlled REA implies that the market values the media conglomerate's remaining assets at between A$13.52 and A$17.02 per share. This compares with Jarden's estimate of A$20.64. Jarden lifts its News Corp. target price by 8.8% to A$49.80 and maintains an overweight rating on the stock, which is down 0.1% at A$48.49. News Corp owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 20, 2024 20:55 ET (01:55 GMT)
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