Tyro Bulls See Relatively Low Risks From Surcharge Ban -- Market Talk
Dow Jones
Jul 16, 2025
0048 GMT - Tyro's bulls at UBS think that it looks better placed to handle any ban on card surcharging than some rival payment-service providers. UBS analysts highlight the Australia-listed company's view that a cap or ban on surcharging might drive increased competition as merchants look to reduce direct costs. This is seen as an opportunity to win customers, they write in a note to clients. The UBS analysts concede that the impact on Tyro of the Reserve Bank of Australia's payments review is uncertain, but think that the overall risks are lower than for any of its peers. UBS keeps a buy rating and A$1.35 target price on the stock, which is up 5.0% at A$0.94. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 15, 2025 20:48 ET (00:48 GMT)
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