Flight Centre Bull Sees Stock Drop Outpacing Conflict Impact -- Market Talk

Dow Jones
03/19

0031 GMT - Flight Centre's bull at Citi thinks that its share price fall since the U.S. and Israel attacked Iran looks larger than the impact of the conflict on its business. Shares in the Australian travel agent have lost about 10% of their value this month, but analyst Samuel Seow estimates that only 2% to 4% of the group's full-year total transaction value would be affected across the whole of March. He tells clients in a note that there are too many variables to consider to be confident about a precise number, but nonetheless believes that the current impact is less than the share-price fall. Citi has a buy rating and A$16.75 target price on the stock, which is down 2.1% at A$11.58. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 18, 2026 20:31 ET (00:31 GMT)

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