BUZZ-Citi trims earnings forecast for Australia's Corporate Travel Management, tariff uncertainty looms

Reuters
05-05
BUZZ-Citi trims earnings forecast for Australia's Corporate Travel Management, tariff uncertainty looms

May 4 (Reuters) - ** Analysts at Citi revise down EBITDA forecast 10% to 14% through FY25 to FY27 for Corporate Travel Management CTD.AX

** Brokerage cuts price target to A$15.65 per share; remains "Buy" rated

** Co, last Friday, said it expects FY25 group EBITDA to be lower by around A$30 million of its previously announced target, citing impact of economic and tariff uncertainty

** Adds that it sees FY25 group revenue to be about 4% softer than earlier forecast

** Seven out of 16 analysts rate the stock "hold," 9 rate it "buy" or higher; their median price target is A$15.21 - data compiled by LSEG

** Stock last down 11.7% YTD

(Reporting by Jasmeen Ara Shaikh in BengaluruEditing by Rod Nickel)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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