0004 GMT - Goldman Sachs analysts stay bearish on Seek despite seeing signs of emerging valuation support for the Australian job advertiser. While monetization of an investment at a premium to recent valuations is a clear positive, the company remains exposed to a near-term deceleration in earnings, they tell clients in a note. Citing a strong labor market, they see headwinds from the reposting of unfilled jobs. GS lifts its target price by 12% to A$24.00 but keeps a sell rating on the stock, which is up 5.4% at A$26.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 19:04 ET (00:04 GMT)
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