0239 GMT - REA Group's recent share-price rally costs the Australian real-estate advertiser its bull at Citi. Lowering his recommendation on the stock to neutral from buy, analyst Siraj Ahmed says listing volumes are holding up better than expected against a challenging backdrop, but sees growing risks from the increased likelihood of at least one more central bank interest-rate rise. The News Corp-controlled company has flexibility to offset volume headwinds with cost control, but Ahmed's fiscal 2027 net profit forecast sits 2% below consensus. Risk-reward is less than compelling after the stock rallied 30% from recent lows, he adds. Citi raises its target price by 4.4% to 191.30 Australian dollars. Shares are down 2.0% at A$166.38. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.