BUZZ-Jefferies initiates coverage on travel group Webjet with 'hold'

Reuters

2024/10/22

** Jefferies initiates coverage on Australia's Webjet

at A$0.95, stock rating at "hold"

** Brokerage sees merit in WJL's strategy as a stand-alone business looking to increase investment in technology and brand

** Believes WJL is an attractive M&A target for global majors in the travel services market

** Stock ended Monday at A$0.82

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

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