0459 GMT - WiseTech Global's estimate that it can generate US$50 million of synergies from its acquisition of e2open looks conservative to Jefferies analyst Roger Samuel. He points out that e2open managed to reduce costs by US$30 million following its own earlier acquisition of INTTRA. Samuel tells clients in a note that he also sees potential for revenue synergies, with several e2open products likely to appeal to the logistics software provider's existing customers. The reverse is also true, he adds. Samuel says that discussions with former senior e2open executives have increased his conviction in the merits of combining the companies. Jefferies lifts its target price by 21% and keeps a buy rating on the stock, which is up 0.9% at A$116.19. ([email protected])

0417 GMT - Australian property advertiser Domain is unlikely to start a price war with REA Group but could still put pressure on its larger rival, Jarden analysts write in a note. With Domain shareholders scheduled to vote Aug. 4 on a takeover by U.S.-listed CoStar, the Jarden analysts reckon Domain's marketing budget could rise. They speculate that this could limit REA's annual yield growth to a percentage in the mid-high single digits and force the News Corp-controlled advertiser to respond in kind with its own increased marketing spend. Jarden raises its target price by 2.9% to A$216.00 and stays underweight on the stock, which is down 0.4% at A$239.17. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ([email protected])

0413 GMT - REA Group's bears at Jarden see potential for the Australian real-estate advertiser's annual costs to be lower than anticipated. They point out that listing volumes have been tracking toward the lower end of the News Corp-controlled company's guidance range, which raises the possibility of a slightly better-than-expected cost outcome. For the just-ended fiscal year, they currently expect 12% growth in costs to A$705 million, which compares with an average analyst forecast of A$703 million. Jarden raises its target price by 2.9% to A$216.00 and stays underweight on the stock, which is down 0.5% at A$238.76. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ([email protected])

0158 GMT - Seek's bulls at Macquarie see potential for the stock to rise if management can demonstrate the benefits of its recent technology overhaul. Analysts at the investment bank say that the Australian job advertiser's FY 2026 provides an opportunity for it to showcase the cost control and operating leverage that management have said would follow its multiyear tech investment. Macquarie sees possible upside to its forecast of 15% annual revenue growth for the period, which compares with an analyst average forecast of 13%. For FY 2025 just ended, Macquarie analysts forecast broadly flat revenue and a 13% drop in adjusted profit. Macquarie raises its target price 0.9% to A$27.00 and keeps an outperform rating on the stock, which is down 0.7% at A$24.14. ([email protected])

0135 GMT - Jarden analysts see a chance that 4Q advertising revenues at News Corp's Dow Jones unit might beat their expectations. They tell clients in a note that current macroeconomic uncertainty justifies their forecast of a 6% fall in 4Q ad revenues, but acknowledge that strong momentum in some of Dow Jones's professional-services offerings could make their estimates seem conservative. Their 4Q Ebitda forecast for Dow Jones is 7% weaker than consensus. Jarden raises its target price on News Corp's Australia-listed stock by 1.1% to A$54.60. Shares are down 3.4% at A$52.04. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ([email protected])

0116 GMT - Any further re-rate of REA Group shares is hard to imagine given the stock's current valuation and the risk of increasing competition, Macquarie analysts say. They retain a constructive view of listings volumes and buy-yield growth at the News Corp-controlled property advertiser, but think that a multiple of 47 times earnings on a 12-month-forward basis looks unlikely to be improved upon. They tell clients in a note that the medium-term outlook is supported by the prospect of further interest-rate cuts, but see risks from smaller rival Domain under the ownership of U.S.-listed CoStar. Macquarie trims REA's target price by 1.9% to A$260.00 and stays neutral on the stock, which is down 0.7% at A$238.42. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ([email protected])

0104 GMT - Regis Resources' FY 2026 growth capex guidance is much higher than the market expected. However, the elevated capex relates to some short-life, lower-grade pits that Regis is developing to take advantage of high gold prices, RBC Capital Markets analyst Alex Barkley says. This is "important given some market concerns around Duketon mine life and RRL maintaining group production levels," says Barkley. RBC has an outperform rating and A$5.30 target on Regis. "RRL are, in our view, establishing themselves as a stand-out for operating and cash flow consistency," he says. That is not fully reflected in its FY 2026 2.4X EV/Ebitda multiple, says Barkley. The stock is down 4.1% at A$4.285. ([email protected]; @RhiannonHoyle)

0058 GMT - A challenging outlook for business banking is the biggest issue facing National Australia Bank, Citi analyst Thomas Strong tells clients in a note. Strong reminds investors of NAB's outsized exposure to business banking relative to peers, flagging sector concerns including increased competition, and deteriorating asset and deposit mix. Strong sees a better near-term outlook for retail banking despite faster growth in business credit. It's understandable that investors would like NAB to clarify how it will navigate the complex outlook, he adds. Citi has a sell rating and A$30.50 target price on the stock, which is down 1.4% at A$38.63. ([email protected])

0043 GMT - South32's 4Q output is broadly in line with Citi's expectations, with alumina and manganese production lower than envisaged but copper and aluminium higher. Analyst Paul McTaggart views the result as neutral for shares. He notes FY 2025 unit costs are expected to be in line with guidance. "Net cash/debt position to come" but balance sheet was net cash of US$252 million at 3Q-end, he says. Citi has a neutral rating and A$3.40 target on South32. The stock is up 1.6% at A$2.935. ([email protected]; @RhiannonHoyle)

0040 GMT - Ingenia Communities' bull at Citi continues to see value in the Australian accommodation developer despite its share-price strength. Analyst Suraj Nebhani reiterates his buy rating, pointing out that much of the 15% share-price appreciation so far in 2025 occurred early in the year. He tells clients in a note that an improved earnings outlook means that the stock has still de-rated. The operating environment could further improve with interest-rate cuts, he adds. Nebhani expects Ingenia to beat consensus expectations when it reports results next month. Citi trims its target price 4.6% to A$6.20. Shares are up 0.2% at A$5.26. ([email protected])

0028 GMT - It is likely South32 will extend a share buyback "to provide downside support," Jefferies analysts say in a note following the miner's 4Q production result. South32 reported a strong quarter operationally, they say. However, "the more marginal assets of Cannington and Mozal are likely to see negative valuation revisions at the FY25 results in August based on company commentary," say the analysts. The FY 2026 outlook is in line with their expectations. The bank reiterates a buy, citing valuation, and a A$3.40 target. South32 is up 1.0% at A$2.92. ([email protected]; @RhiannonHoyle)

(END) Dow Jones Newswires