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Jefferies upgrades Rightmove, says offer from REA Group 'probable'

By Michele Maatouk

Date: Monday 09 Sep 2024

(Sharecast News) - Jefferies upgraded Rightmove on Monday to 'hold' from 'underperform' and lifted the price target to 720p from 450p as it said an offer was "probable" after Australia's REA Group confirmed it was considering a possible cash and share offer for the property portal.
Jefferies said the target price...

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