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SEEK Can 'Easily Achieve' Fiscal Year 2026 Yield Growth Guidance, Says Jarden

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SEEK (ASX:SEK) could "easily achieve" its low double-digit yield growth guidance for fiscal year 2026 and is expected to grow by 13.5%, according to a Thursday note by Jarden.

Jarden has updated its forecast for the fiscal year 2027 Australia-New Zealand business yield growth to 9% from 8.5%, but offset by its downgrade to the fiscal year 2027 volume assumption to negative 2.5% from flat.

The research firm believes that the Australian labor market is past its peak, and currently expects the Australian unemployment rate to increase to 4.8% by June 2027, which is currently at 4.5%, resulting in a reduction to its assumption.

Jarden maintained a buy rating on Seek and reduced its price target to AU$23.25 from AU$23.50.

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