0120 GMT - Australian payments provider Tyro keeps its bull at Jefferies, where analysts lower their operating-expense forecasts for the next three fiscal years. They trim their forecast for FY 2025 by 6%, for FY 2026 by 5% and for FY 2027 by 7%, helping lift statutory Ebitda expectations for the periods by 3%, 13% and 18%, respectively. That's even taking into account a A$9 million cut to their FY 2025 revenue forecast on the expectation that a remediation payment from rival terminal provider Kounta will not repeat. Jefferies lifts its target price by 6.25% to A$1.70 and keeps a buy rating on the stock, which is up 1.9% at A$1.055. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 12, 2024 21:20 ET (01:20 GMT)
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