REA Citi analyst cuts rating to neutral from buy
Citi cut its recommendation on REA Group to neutral from buy, citing listing volumes holding up better than expected but rising risks amid a challenging backdrop.
REA Group's recent share-price rally has cost the Australian real-estate advertiser its bull at Citi. Analyst Siraj Ahmed lowered his recommendation on the stock to neutral from buy, saying listing volumes are holding up better than expected against a challenging backdrop, but that risks are rising from t…