2350 GMT - An acquisition of Xref by Seek would initially be earnings dilutive but could add long-term value to the Australian job advertiser, Macquarie analysts write in a note. They point out that the reference-checking tech provider is currently loss making, but that its capabilities could enhance the trust that Seek enjoys among customers. Trust and customer usability are key drivers of Seek's price-growth strategy, they add. Macquarie raises its target price on Seek shares by 12% to A$28.00 and keep an outperform rating on the stock, which is up 0.6% at A$25.40. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 19:50 ET (23:50 GMT)

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