0119 GMT - WiseTech's bull at Citi sees limited risk to the logistics-software provider from freight forwarders' recent results. Analyst Siraj Ahmed tells clients in a note that updates from DSV, DHL and Kuehne & Nagel point to stable industry volumes in the March quarter, with some pull forward benefits from U.S. tariffs, especially for electronics goods. With lower China-U.S. volumes in April offset by increased volumes in other channels,Ahmed sees no material tariff impact on Wisetech's fiscal 2026 performance. There is some revenue risk in fiscal 2026 from a global slowdown, but lower costs could help offset this, he adds. Citi has a buy rating and A$115.00 target price on the stock, which is up 5.0% at A$92.98. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 21:19 ET (01:19 GMT)
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