Flight Centre Bull Remains Cautiously Optimistic -- Market Talk
Dow Jones
Apr 29
0337 GMT - Flight Centre's bull at Citi remains cautiously optimistic on the Australian travel agent despite its guidance downgrade. Analyst Samuel Seow tells clients in a note that the challenges that forced Flight Centre to lower its annual profit outlook look short term to him. He says it is under-earning amid macroeconomic uncertainty, with companies freezing corporate travel. Looking past this, the size of the potential medium-term shareholder returns on offer persuade him to maintain a buy rating on the stock. Valuation is attractive on a historic basis, he adds. Target price is lowered 13% to A$16.10. Shares are down 1.0% at A$12.46. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 23:38 ET (03:38 GMT)
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