2259 GMT - Webjet likely will stay in M&A crosshairs, despite a weak start to FY 2026, says Jefferies. Webjet has already rebuffed an effort by private-equity firm BGH to acquire a controlling interest in the company. Analyst John Campbell says trade buyers will no doubt have some interest in acquiring Webjet as well. "Much of what is happening now in terms of revitalizing the brand and the business should have been underway years ago," says Jefferies. "But the task of winning share (which their total transaction value targets require) from the global online travel agencies and the hotel/airline suppliers themselves is Herculean." Jefferies downgrades Webjet to "hold," from "buy." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 21, 2025 18:59 ET (22:59 GMT)
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