2241 GMT - OFX keeps its bull at Wilsons despite the international payments provider's surprise guidance cut. The broker's analysts tell clients in a note that, while the reduction in net-operating income guidance on the back of what looks like a tough September is disappointing, the revised guidance seems conservative and designed to avoid further downgrades. They cut their Ebitda forecasts by 12% for fiscal 2025, by 12% for fiscal 2026, and by 10% for fiscal 2027. Target price falls 19% to A$2.11 but Wilsons stays overweight on the stock. Shares are at A$1.465 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 17, 2024 18:41 ET (22:41 GMT)
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