0206 GMT - Web Travel's bull at Wilsons is pleasantly surprised by the travel booker's clarity on how it sees the path for revenue margins. Analyst Ben Wilson tells clients in a note that reiterated guidance for medium-term revenue margins of 6.5% and a fiscal 2026 earnings margin of about 50% lowers risk around forecasts. He acknowledges that hotel pricing remains open to uncertainty due to the high number of inputs, but keeps an overweight rating on the stock. Wilsons raises its target price by 6.7% to A$5.52. Shares are up 0.9% at A$4.845. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 27, 2024 21:06 ET (02:06 GMT)
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