0305 GMT - Zip's bull at UBS points out that the Australian installment-payment provider's disappointing trading update did include some positive news on costs. Analyst Tim Piper says that, while revenue margins were lower than he had anticipated, costs were also lower than expected. He also points out in a note to clients that Zip is performing well on bad debts, which remain low in both the U.S. and Australia, while total liquidity is increasing. UBS has a last-published buy rating and A$3.65 target price on the stock, which is down 23% at A$2.525. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 22:05 ET (03:05 GMT)
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