Seek Keeps Bull Despite Softening Ad Volumes -- Market Talk

Dow Jones

Jun 15

0457 GMT - Seek keeps its bull at Bell Potter despite softer job ad volumes. Analyst Michael Ardrey acknowledges the potential that the Reserve Bank of Australia may raise interest-rates again, which would be a further headwind for jobs growth. However, he notes some commentary from economists that soft recent data could mean that the cash rate has peaked at its current 4.35%. While offering no commentary on the likely path for rates, Ardrey tells clients in a note that employment-marketplace operator Seek is his preferred rate-sensitive exposure among Australian classifieds. He keeps a buy rating on the stock but lowers his target price by 22% to 18.60 Australian dollars on moderated earnings forecasts. Shares are up 1.6% at A$13.895. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 00:57 ET (04:57 GMT)

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Analyst Michael Ardrey acknowledges the potential that the Reserve Bank of Australia may raise interest-rates again, which would be a further headwind for jobs growth. However, he notes some commentary from economists that soft recent data could mean that the cash rate has peaked at its current 4.35%. While offering no commentary on the likely path for rates, Ardrey tells clients in a note that employment-marketplace operator Seek is his preferred rate-sensitive exposure among Australian classifieds. He keeps a buy rating on the stock but lowers his target price by 22% to 18.60 Australian dollars on moderated earnings forecasts. Shares are up 1.6% at A$13.895. 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Analyst Michael Ardrey acknowledges the potential that the Reserve Bank of Australia may raise interest-rates again, which would be a further headwind for jobs growth. However, he notes some commentary from economists that soft recent data could mean that the cash rate has peaked at its current 4.35%. While offering no commentary on the likely path for rates, Ardrey tells clients in a note that employment-marketplace operator Seek is his preferred rate-sensitive exposure among Australian classifieds. He keeps a buy rating on the stock but lowers his target price by 22% to 18.60 Australian dollars on moderated earnings forecasts. Shares are up 1.6% at A$13.895. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 15, 2026 00:57 ET (04:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7002","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2643001224","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643001224","pubTimestamp":1781499420,"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":"0457 GMT - Seek keeps its bull at Bell Potter despite softer job ad volumes. Analyst Michael Ardrey acknowledges the potential that the Reserve Bank of Australia may raise interest-rates again, which would be a further headwind for jobs growth. However, he notes some commentary from economists that soft recent data could mean that the cash rate has peaked at its current 4.35%. While offering no commentary on the likely path for rates, Ardrey tells clients in a note that employment-marketplace operator Seek is his preferred rate-sensitive exposure among Australian classifieds. He keeps a buy rating on the stock but lowers his target price by 22% to 18.60 Australian dollars on moderated earnings forecasts. Shares are up 1.6% at A$13.895. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7002":"互动媒体与服务","SEK.AU":"SEEK LTD"},"translate_title":"尽管广告量疲软，Seek仍保持牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEK.AU":0.9},"content_text":"0457 GMT - Seek keeps its bull at Bell Potter despite softer job ad volumes. Analyst Michael Ardrey acknowledges the potential that the Reserve Bank of Australia may raise interest-rates again, which would be a further headwind for jobs growth. However, he notes some commentary from economists that soft recent data could mean that the cash rate has peaked at its current 4.35%. While offering no commentary on the likely path for rates, Ardrey tells clients in a note that employment-marketplace operator Seek is his preferred rate-sensitive exposure among Australian classifieds. He keeps a buy rating on the stock but lowers his target price by 22% to 18.60 Australian dollars on moderated earnings forecasts. Shares are up 1.6% at A$13.895. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 15, 2026 00:57 ET (04:57 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}