0417 GMT - REA Group's bull at Goldman Sachs sees potential for the regulatory probe of the real-estate advertiser to weigh on its share price. Analyst Kane Hannan tells clients in a note that there is potential overhang for the stock from the Australian Competition and Consumer Commission's investigation, as well as from CoStar's imminent takeover of smaller rival Domain. Hannan doesn't comment on what the investigation's outcome might be, but observes that advertising commitments to News Corp-controlled REA are voluntary. It doesn't offer direct incentives to agents, he adds. GS has a buy rating and A$269.00 target price on the stock, which is up 1.6% at A$246.02. 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
May 28, 2025 00:17 ET (04:17 GMT)
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