Tiger Brokers

BUZZ-Citi lowers PT on Australia's Flight Centre Travel on cutting FY profit guidance

Reuters
Apr 29
BUZZ-Citi lowers PT on Australia's Flight Centre Travel on cutting FY profit guidance

** Analysts at Citi cut Flight Centre Travel's FLT.AX price target to A$16.10 per share, maintains "buy" rating

** Travel retailer said on Monday it expects FY25 underlying profit before tax to be in the range of A$300 million to A$335 million ($192.93 million to $215.44 million), given recent changes to United States trade and entry policies

** Citi says guidance range is about 13% below Visible Alpha consensus of A$366 million

** Brokerage expects co's profit before tax to fall between 12% and 16% through FY25 to FY27

** Stock rated "buy" on average; mean price target stands at A$18.35, per data compiled by LSEG

** Stock last down 24.5% YTD

($1 = 1.5550 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))

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