0337 GMT - Webjet's new bull sees potential for the consumer-focused travel agent's first-half results to act as a positive catalyst for the stock. RBC Capital Markets analyst Wei-Weng Chen initiates coverage of the stock with an outperform rating, telling clients in a note that the company--which recently separated from the Web Travel corporate-focused business--is well capitalized, highly cash generative and expected to return to dividend payments from fiscal 2026. Chen says that his forecasts are undemanding, albeit higher than the analyst average. He sees first-half Ebitda for Webjet's online travel agency rising 1% on year. RBC places a A$1.30 target price on the stock, which is up 4.2% at A$0.9275. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 18, 2024 22:37 ET (03:37 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。