Domain's Listings Share Can't Keep Bull Interested -- Market Talk

Dow Jones

Nov 07, 2024

0239 GMT - Domain's growing share of Australia's property listings market isn't enough to keep its bull at Citi. Analyst Siraj Ahmed lowers his recommendation to hold from buy despite upgrading his volume forecasts for the real-estate classifieds provider. He writes in a note that declining depth over the September quarter points to pressures on property sellers' marketing budgets following strong price increases by News Corp.-controlled rival REA. The stock retains some valuation appeal but the prospect of lower industry listings in the June half and the uncertainty of a new CEO keeps Ahmed cautious. Citi lowers its target price by 12% to A$3.20. Shares are down 2.4% at A$2.80. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 06, 2024 21:39 ET (02:39 GMT)

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Analyst Siraj Ahmed lowers his recommendation to hold from buy despite upgrading his volume forecasts for the real-estate classifieds provider. He writes in a note that declining depth over the September quarter points to pressures on property sellers' marketing budgets following strong price increases by News Corp.-controlled rival REA. The stock retains some valuation appeal but the prospect of lower industry listings in the June half and the uncertainty of a new CEO keeps Ahmed cautious. Citi lowers its target price by 12% to A$3.20. Shares are down 2.4% at A$2.80. News Corp. owns Dow Jones &amp; Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 21:39 ET (02:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Domain's Listings Share Can't Keep Bull Interested -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDomain's Listings Share Can't Keep Bull Interested -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0239 GMT - Domain's growing share of Australia's property listings market isn't enough to keep its bull at Citi. Analyst Siraj Ahmed lowers his recommendation to hold from buy despite upgrading his volume forecasts for the real-estate classifieds provider. He writes in a note that declining depth over the September quarter points to pressures on property sellers' marketing budgets following strong price increases by News Corp.-controlled rival REA. The stock retains some valuation appeal but the prospect of lower industry listings in the June half and the uncertainty of a new CEO keeps Ahmed cautious. Citi lowers its target price by 12% to A$3.20. Shares are down 2.4% at A$2.80. News Corp. owns Dow Jones &amp; Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 21:39 ET (02:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7503","symbol_name":"科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481902419","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481902419","pubTimestamp":1730947140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0239 GMT - Domain's growing share of Australia's property listings market isn't enough to keep its bull at Citi. Analyst Siraj Ahmed lowers his recommendation to hold from buy despite upgrading his volume forecasts for the real-estate classifieds provider. He writes in a note that declining depth over the September quarter points to pressures on property sellers' marketing budgets following strong price increases by News Corp.-controlled rival REA. The stock retains some valuation appeal but the prospect of lower industry listings in the June half and the uncertainty of a new CEO keeps Ahmed cautious. Citi lowers its target price by 12% to A$3.20. Shares are down 2.4% at A$2.80. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7503":"科技股","BK7002":"互动媒体与服务","03650":"KEEP","BK1215":"特殊消费者服务","DHG.AU":"DOMAIN HOLDINGS AUSTRALIA LT"},"translate_title":"域名的上市份额无法保持多头的兴趣——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03650":1,"DHG.AU":0.9},"content_text":"0239 GMT - Domain's growing share of Australia's property listings market isn't enough to keep its bull at Citi. Analyst Siraj Ahmed lowers his recommendation to hold from buy despite upgrading his volume forecasts for the real-estate classifieds provider. He writes in a note that declining depth over the September quarter points to pressures on property sellers' marketing budgets following strong price increases by News Corp.-controlled rival REA. The stock retains some valuation appeal but the prospect of lower industry listings in the June half and the uncertainty of a new CEO keeps Ahmed cautious. Citi lowers its target price by 12% to A$3.20. Shares are down 2.4% at A$2.80. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2024 21:39 ET (02:39 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}