0023 GMT - WiseTech Global's mooted acquisition of supply chain platform provider e2open makes strategic sense to Jefferies analyst Roger Samuel. He explains in a note to clients that e2open has a strong presence among shippers and beneficial cargo owners, while WiseTech's main customers are freight forwarders. Acquiring the U.S.-listed company would therefore expand WiseTech's total addressable market, he says. There are also potential synergies from a combination, Samuel adds. Jefferies has a buy rating and A$115.50 target price on the stock, which is up 0.7% at A$95.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 20:23 ET (00:23 GMT)
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