2325 GMT [Dow Jones]--Australian travel booker Web Travel's annual result looks strong to its bull at Wilsons, especially given the 4Q deterioration in the economic backdrop. Analyst Ben Wilson tells clients in a note that revenue margins were stronger than he had anticipated, and is pleased to see further evidence that they are stabilizing. Normalized Ebitda was also 1.8% higher than Wilson had forecast. Looking ahead, he says that the trading update for the start of fiscal 2026 is much stronger than he had expected, and sees potential for upgraded market forecasts. Wilsons has a last-published overweight rating and A$5.77 target price on the stock, which is at A$4.68 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 27, 2025 19:28 ET (23:28 GMT)
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