Seek downgraded

The share price of employment classifieds company Seek is trading well above our Buy limit. It's time to Hold.

In Seek above buy price from 12 Oct 15 (Buy – $12.79) we explained that ‘any further price rise will require a downgrade’. With the stock now up 12% (plus a 17-cent dividend) since Seek finds success overseas from 8 Sep 15 (Buy – $12.06), it’s time to adjust the recommendation. While it shows buying opportunities don’t last forever, keep your fingers crossed for another.

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