** Jefferies initiates coverage on Australia's Webjet
at A$0.95, stock rating at "hold"
** Brokerage sees merit in WJL's strategy as a stand-alone business looking to increase investment in technology and brand
** Believes WJL is an attractive M&A target for global majors in the travel services market
** Stock ended Monday at A$0.82
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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