** Analysts at Jefferies expect Australia's Flight Centre Travel FLT.AX to gain modestly from turbulence at rival Corporate Travel Management's CTD.AX business

** Brokerage maintains "buy" rating at a price target of A$13.30

** CTD on Friday, flagged up to 77.6 million pounds ($102.71 million) in revenue restatements across last three years after a forensic review; co also withdrew FY25 earnings forecast

** Brokerage says CTD's issues, linked to customer refunds and contractual uncertainty, go beyond accounting and could prompt client churn

** Jefferies outlines four tailwinds for FLT: potential account switching, CTD's weaker competitiveness in tenders, management distraction, and reduced investor options in the travel sector as CTD faces reputational risk

** 12 of 15 analysts rate the stock "buy" or higher, three "hold"; their median PT is A$15.25, according to data compiled by LSEG

** FLT stock has fallen 18.9% this year, as of last close

($1 = 0.7555 pounds)

(Reporting by Roshan Thomas in Bengaluru; Editing by Edmund Klamann)

((Roshan.Thomas@thomsonreuters.com;))