0302 GMT - Seek's bull at Bell Potter sees the Australian job advertiser being well placed to outperform once the central bank starts cutting interest rates. Pointing to the stock's track record against a backdrop of falling rates in 2014 and 2020, analyst Michael Ardrey maintains his buy rating on the stock. He tells clients in a note that, in the meantime, demand for jobs remains positive, with applications per ad up 5.5% on year in May. Another positive he sees is Seek's potential capacity for M&A, debt reduction or product investment, thanks to an upcoming liquidity window in which it can redeem units in its growth fund. Bell Potter's target price stays at 18.60 Australian dollars. Shares are up 0.9% at A$13.455. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 23:02 ET (03:02 GMT)

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