0032 GMT - Web Travel's 1H result is likely to lift expectations for the next fiscal year and beyond, Wilsons analyst Ben Wilson says. Only total transaction value at the corporate-travel booker's WebBeds unit disappointed Wilson, falling 1.0% short of his forecast. At a group level, normalized Ebitda beat Wilson's forecast by 6.3%. He tells clients in a note that fiscal 2H forecasts could rise on the back of the result. He sees upgrades to expectations for subsequent periods as more likely, given the Australian company's outlook commentary. Wilsons is reviewing its overweight rating and A$5.17 target price. Shares are up 14% at A$4.81. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 26, 2024 19:32 ET (00:32 GMT)
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