0241 GMT - Macquarie analysts stay cautious on Australian property advertiser Domain despite what they see as an attractive valuation. They tell clients in a note that they are waiting on news about the company's CEO search and any resulting strategy changes. They also want to see evidence that Domain, which is No. 2 in market share to News Corp-controlled REA, can deliver operating leverage while investing to stay competitive with its larger rival. Macquarie trims its target price 11% to A$2.85 and stays neutral on the stock, which is up 0.2% at A$2.675. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 21:41 ET (02:41 GMT)
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