Australia's Seek gains as JP Morgan upgrades to 'overweight'

SEEK

12/10/2023 01:49

** Shares of Australia's Seek  SEK.AX  up 2.2% at A$23.2
    ** Analysts at JP Morgan upgrade employment services
provider to "overweight" from "neutral", keep PT at A$27
    ** Say year-on-year volume trends will soon benefit from
much easier market competitions
    ** Brokerage remains at midpoint of FY24 outlook range
across sales, EBITDA and NPAT
    ** Eight of 13 analysts rate the stock "buy", three "hold"
and two "sell"; their median PT is A$26.85 – LSEG data
    ** Stock had risen 8.5% this year, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))