0018 GMT - REA Group's bulls at UBS stay positive on the Australian property advertiser despite the arrival of U.S.-listed CoStar in the local market. They keep a buy rating on the News Corp-controlled classifieds group, telling clients in a note that it attracts four times as many audience visits as CoStar-acquired Domain. Efficiencies including from AI should help offset a large increase in marketing costs over the current fiscal year, they say. The UBS analysts see that they see potential for FY 2026 listings volumes to beat expectations if interest-rate cuts continue to stoke strong buyer demand. UBS keeps a A$290.00 target price on the stock, which is down 2.8% at A$247.31. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
August 06, 2025 20:18 ET (00:18 GMT)
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