Corporate Travel Bull Is Buying Amid Weakness -- Market Talk

Dow Jones

05/05

0358 GMT - Corporate Travel Management's bull at Morgans is taking advantage of share-price weakness stemming from the Australian travel agent's larger-than-expected guidance downgrade. Analyst Belinda Moore says that the A$30 million impact from a tariff-driven decline in customer activity was bigger than she had anticipated. She acknowledges the uncertainty over whether operating conditions will deteriorate before further improving but tells clients in a note that travel demand has always rebounded from downturns. Moore says she is buying the stock because CTM's earnings and share-price leverage to the eventual improvement will be material. Morgans cuts the target price by 14% to A$16.05 and keeps an add rating on the stock, which is down 1.9% at A$11.48. (stuart.condie@wsj.com)

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May 04, 2025 23:59 ET (03:59 GMT)

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Analyst Belinda Moore says that the A$30 million impact from a tariff-driven decline in customer activity was bigger than she had anticipated. She acknowledges the uncertainty over whether operating conditions will deteriorate before further improving but tells clients in a note that travel demand has always rebounded from downturns. Moore says she is buying the stock because CTM's earnings and share-price leverage to the eventual improvement will be material. Morgans cuts the target price by 14% to A$16.05 and keeps an add rating on the stock, which is down 1.9% at A$11.48. 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Analyst Belinda Moore says that the A$30 million impact from a tariff-driven decline in customer activity was bigger than she had anticipated. She acknowledges the uncertainty over whether operating conditions will deteriorate before further improving but tells clients in a note that travel demand has always rebounded from downturns. Moore says she is buying the stock because CTM's earnings and share-price leverage to the eventual improvement will be material. Morgans cuts the target price by 14% to A$16.05 and keeps an add rating on the stock, which is down 1.9% at A$11.48. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7070":"酒店、度假村与豪华游轮","CTD.AU":"CORPORATE TRAVEL MANAGEMENT"},"translate_title":"商务旅行多头在疲软中买入——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTD.AU":0.9},"content_text":"0358 GMT - Corporate Travel Management's bull at Morgans is taking advantage of share-price weakness stemming from the Australian travel agent's larger-than-expected guidance downgrade. Analyst Belinda Moore says that the A$30 million impact from a tariff-driven decline in customer activity was bigger than she had anticipated. She acknowledges the uncertainty over whether operating conditions will deteriorate before further improving but tells clients in a note that travel demand has always rebounded from downturns. Moore says she is buying the stock because CTM's earnings and share-price leverage to the eventual improvement will be material. Morgans cuts the target price by 14% to A$16.05 and keeps an add rating on the stock, which is down 1.9% at A$11.48. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 04, 2025 23:59 ET (03:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}