2233 GMT - Domain's $1.9 billion takeover by CoStar could create a short-term overhang on REA Group shares, given the risk of more intense competition in property listings, says Jefferies. Still, analyst Roger Samuel still thinks REA's dominance is unlikely to be disrupted. "As it is pushing Audience Maximiser, which targets buyers across numerous sites online, it would further entrench REA's Number 1 position," Jefferies says. The bank retains a hold call on REA following its 3Q update, while its price target drops by 0.8% to A$246.10/share. REA ended last week at A$244.97. REA is controlled by News Corp, which owns Dow Jones & Co., the publisher of Dow Jones Newswires and The Wall Street Journal. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 11, 2025 18:33 ET (22:33 GMT)
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