Australia's Nine Entertainment climbs, Jefferies sees resilience in growth assets

Nine Entertainment Holdings

03/09/2026 02:25

Updates
** Shares of Australian media company Nine Entertainment Co NEC.AX rise as much as 2.6% to A$0.99, set for best day in a week if current gains hold 
** Jefferies retains "buy" rating, with price target A$1.40 
** With Nine Entertainment's earnings skewed towards growth assets, co is more resilient against headwinds in TV and publishing - Jefferies
** Nine Entertainment, which owns the Australian Financial Review, derives nearly 60% of operating earnings from outdoor advertising business QMS and subscription video platform Stan
** Jefferies expects growth from Stan and QMS to comfortably outweigh headwinds in broadcasting and publishing
** Eight analysts rate the stock "buy" on average, with median PT A$1.15 - LSEG-compiled data
** Stock down ~12% YTD, including the session's moves

 (Reporting by Nichiket Sunil and Anjali Singh in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))