Corporate Travel Bull Turns Bear on U.K. Risks -- Market Talk

Dow Jones

2025/12/01

2242 GMT - The risks facing Corporate Travel Management over the problems at its U.K. business turn its bull at Shaw & Partners into a bear. Analyst Philip Pepe cuts his recommendation to sell from buy, pointing to the material financial impacts and potential reputational damage from the revenue reversals the Australia-listed company says it needs to make. Pepe makes no changes to his earnings forecasts because CTM has yet to finalize the amounts involved. However, a 50% discount applied to his valuation slashes Shaw's target price to A$7.60, from A$15.20. Shares last traded in August at A$16.07. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 30, 2025 17:42 ET (22:42 GMT)

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(stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 30, 2025 17:42 ET (22:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7070","symbol_name":"酒店、度假村與豪華遊輪","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588152157","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588152157","pubTimestamp":1764542520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2242 GMT - The risks facing Corporate Travel Management over the problems at its U.K. business turn its bull at Shaw & Partners into a bear. 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Analyst Philip Pepe cuts his recommendation to sell from buy, pointing to the material financial impacts and potential reputational damage from the revenue reversals the Australia-listed company says it needs to make. Pepe makes no changes to his earnings forecasts because CTM has yet to finalize the amounts involved. However, a 50% discount applied to his valuation slashes Shaw's target price to A$7.60, from A$15.20. Shares last traded in August at A$16.07. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 30, 2025 17:42 ET (22:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}