Corporate Travel Fiscal 2026 Profit, Balance Sheet Better Than Feared After Settlements, Says Jefferies

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Corporate Travel (ASX:CTD) fiscal 2026 profit and balance sheet were better than expected, according to a Monday Jefferies note.

However, the company has suffered reputational damage, raising concerns about client retention, Jefferies added.

The fiscal 2027 trading update showed July revenue down 9% year on year, indicating ongoing business pressure, the investment firm noted.

Jefferies has a hold rating on Corporate Travel with a price target of AU$2.35.

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