2317 GMT - Corporate Travel Management's achievable annual guidance and the constructive outlook commentary of the Australian travel manager's peers strengthen Morgan Stanley analysts' bullish view of the stock. The analysts say that Corporate Travel's fiscal first-half performance means that it needs to generate 61% of annual Ebitda in its second half to hit guidance. This compares with 65% originally flagged by the company, they point out in a note to investors. Rival Flight Centre's view that its own 35/65 Ebitda skew is very achievable further supports confidence in industry conditions at MS. MS has an overweight rating and A$18.30 target price on Corporate Travel shares, which are at A$15.87 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 18:17 ET (23:17 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。