0452 GMT - WiseTech's increased debt leverage is likely to be the market's only concern about the Australian logistics-software provider's acquisition of e2open, E&P analyst Paul Mason says. He points out in a note to clients that leverage will climb to 3.5 times fiscal 2025 Ebitda as a result of the US$2.1 billion acquisition. However, Mason says that this was well flagged by WiseTech, adding that the company expects the level to fall to 2 times Ebitda over three years. E&P has a positive rating and a A$139.00 target price on the stock, which is up 5.7% A$105.76. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 26, 2025 00:53 ET (04:53 GMT)
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