2358 GMT - Corporate Travel Management's guidance downgrade was not entirely unexpected given recent results from U.S. airlines, Citi analyst Samuel Seow says. He points out that, while the A$167 million in annual Ebitda implied by the new guidance is 15% lower than the average analyst forecast, the stock has already fallen materially. Seow writes in a note that U.S. corporate volumes have probably fallen in a percentage in the mid-single digits, leading to fewer transactions and missed override tiers. Citi has a last-published buy rating and A$17.55 target price on the stock, which is at A$13.00 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 19:58 ET (23:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。