2310 GMT - Web Travel's bulls at Goldman Sachs make no changes to their forecasts following the travel-booking provider's restatement of its prior-year earnings. The investment bank's analysts tell clients in a note that the move, driven by a change in how it estimates supplier billing error rates, is not material for Ebitda across last year or the first half of the current fiscal 2025. Goldman analysts would like to better understand the restatement of fiscal 2023 results, but maintain a buy rating and A$6.70 target price on the stock, which is at A$4.31 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 21, 2024 18:10 ET (23:10 GMT)
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