0320 GMT - Tyro Payments' exceptional execution amid a welter of pressures from consumer spending and business closures earns the Australian payments provider a bullish recommendation at Wilsons. The broker's analysts reckon growth should re-accelerate over the coming 12 months following what they view as a re-basing of total transaction value. While expected central-bank interest-rate cuts are seen as being of limited value to Tyro, they think mooted changes to Australian surcharging rules should be a net positive to Tyro's margins. Wilsons trims its target price 2.5% to A$1.15 but raises its recommendation to overweight from market weight. Shares are down 0.8% at A$0.9375. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 22:20 ET (03:20 GMT)
Copyright (c) 2025 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。