0347 GMT - REA Group's bulls at UBS reckon that the Australia-listed property advertiser can sustain double-digit yield growth over the medium term. UBS analysts tell clients in a note that although the 13% yield for the September quarter fell short of their 15% forecast, REA's latest audience metrics bolster their confidence. The News Corp-controlled advertiser delivered its highest number of enquiries to agents for more than three years, while it attracts four times as many average monthly visits as local rival Domain. UBS trims its target price 11% to A$255.00 but maintains a buy rating on the stock, which is up 0.3% at A$209.72. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ([email protected])

0334 GMT - Life360's bulls at Morgan Stanley are pretty confident that the tracking-app developer's 3Q update will beat consensus forecasts. MS analysts ascribe a 60% chance to a scenario in which Life360's user numbers, annualized revenue and subscriptions beat expectations. They also think annual revenue guidance is likely to be raised. Such a positive result could propel Life360's Australia-listed stock higher by 10%-20%, they reckon. An in-line result is the next most likely scenario, in their view. They see only a 15% chance that the result falls short and shares drop. MS has an overweight recommendation and A$58.50 target price on the stock, which is up 3.1% at A$48.10. ([email protected])

0201 GMT - Monadelphous is reporting greater activity "in the right division," its higher-margin engineering construction business, says RBC Capital Markets. The contractor says it is getting a larger part of its revenue from vertically integrated construction projects. "Increased weighting toward engineering construction should be positive for market margin expectations," RBC says in a note. Market estimates currently point to a FY 2026 Ebitda margin of 6.8% versus 6.7% in FY 2025, the broker says. RBC has a sector perform rating and A$20.75 target on the stock. Monadelphous is up 10% at A$24.76. ([email protected]; @RhiannonHoyle)

0148 GMT - Dyno Nobel's FY 2026 guidance is positive, with its explosives-business EBIT estimate of A$460 million-A$500 million giving plenty of headroom to the market consensus of A$463 million, according to RBC Capital Markets. The broker also highlights Dyno Nobel's FY 2025 group EBIT of A$714 million as a beat versus consensus of A$682 million. "Within the divisionals, DNAP and DNEL surprised to the upside while DNA was lower than expected," RBC says in a note. "Corporate costs were also lower." The broker has an outperform rating and A$3.70 target on the stock. It trades up 6.2% at A$3.41. ([email protected]; @RhiannonHoyle)

0042 GMT - Xero's bulls at Macquarie think that the stock could start re-rating positively on the first signs of U.S. subscription growth. They think that the accounting-software provider has learned from prior mistakes in the U.S., where it failed to move with pace or significant ambition in an attempt to secure growth. Macquarie analysts tell clients in a note that Xero has a clear, well-articulated, product-led strategy in the U.S., where they see growth benefiting from rival Intuit's focus on growing average revenue per user rather than securing additional market share. Macquarie lifts its target price 12 % to A$228.90 and keeps an outperform rating on the stock. Shares are down 1.1% at A$140.18. ([email protected])

0028 GMT - AGL Energy's decision to drastically trim its stake in Tilt Renewables should significantly reduce its balance sheet leverage, RBC Capital Markets analyst Gordon Ramsay says. He sees the Australian power generator and retailer reducing gearing to 30% from 37% by the end of FY 2026, although he points out in a note that this assumes no other major transactions. AGL clearly flagged its sale of a 19.9% interest and the divestment fits into its asset-recycling strategy, Ramsay adds. AGL's retention of a 0.1% interest in Tilt fits with a continued strategic partnership featuring offtake agreements, he says. RBC has a last-published sector-perform rating and A$10.00 target price on the stock, which is up A$1.35% at A$9.04. ([email protected])

0020 GMT - ANZ's annual result contains little of significance for the bank's bulls at Jarden. Analysts there call the fiscal 2025 update "a nothing result", telling clients in a note that underlying trends are broadly consistent with expectations. In summary, they say that volumes are ok, net-interest margin is reasonable, bad debts are low, and capital is sufficient. With little incentive for a new CEO to deliver a standout result so early in his tenure, they aren't surprised. Jarden has a last-published overweight rating and A$34.00 target price on the stock, which is up 1.2% at A$37.24. ([email protected])

0012 GMT - Macquarie analysts are encouraged that ANZ's new chief executive hasn't taken what would have been an obvious shortcut to boosting FY 2026 performance. Annual cost guidance is A$200 million-A$300 million lower than they had anticipated and the Macquarie analysts applaud CEO Nuno Matos for not inflating the cost base, which would have made it easier to lower costs over future periods. They tell clients in a note that this sort of transparency is crucial to maintain confidence in management's strategy. Macquarie has a neutral rating and A$34.00 target price on the stock, which is up 1.0% at A$37.17. ([email protected])

2358 GMT - ANZ's near-term cost outlook and capital position both look better than expected, Citi analyst Thomas Strong says. The Australian bank's 2H operating costs were lower than analysts had anticipated, which means that its fiscal cost base is smaller than that in analysts' forecasts. Strong tells clients in a note that company guidance for a 3% rise in annual costs implies FY 2026 costs of A$11.5 billion, compared with consensus of A$11.75 billion. Strong adds that proforma CET1 capital also looks strong compared with that of ANZ's peers. Citi has a last-published neutral rating and A$37.00 target price on the stock, which is up 0.7% at A$37.07. ([email protected])

2233 GMT -- Australian stock futures are pointing to a higher open for the S&P/ASX 200. ASX futures are up by 0.3% ahead of Monday's session, suggesting that the benchmark index should recover some of the ground lost across back-to-back weekly losses. The ASX 200 fell 1.3% last week as hopes of interest-rate cuts diminished. Ahead of Monday's open, ANZ reported a 10% drop in annual net profit on higher costs and impairments tied to the lender's overhaul under its new CEO. AGL Energy said it had agreed the A$750 million sale of a stake in a renewables provider. U.S. stocks provided a mixed lead on Friday. The DJIA rose 0.2%, the S&P 500 edged 0.1% higher, and the Nasdaq Composite slipped 0.2%. ([email protected])

(END) Dow Jones Newswires