0253 GMT - Seek loses its bull at Macquarie as the investment bank's analysts try to figure out whether the Australian job site operator is a long-term winner or loser in the age of artificial intelligence. Cutting their recommendation on the stock to neutral from outperform, the investment bank's analysts lower their local ad volume forecasts on expectations of interest-rate increases and workforce automation. More broadly, they tell clients in a note that they can't see any clear positive catalysts and are uncertain whether AI will benefit or hurt Seek over the longer term. Macquarie cuts its target price 5.1% to A$18.50. Shares are down 3.2% at A$15.89. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 09, 2026 22:53 ET (02:53 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.