0105 GMT - Webjet's full-year earnings guidance might be conservative if bookings continue to improve, says Morgans analyst Belinda Moore in a note. She expects management's progress on strategic priorities to accelerate earnings growth from the travel booking provider's next fiscal year. With growth leveraged to Australia's economic recovery and rising domestic travel demand, Moore is positive on the company's strategy on customer acquisition and revenue optimization. Morgans raises its target price by 11% to A$1.05 and maintains an add rating on the stock. Shares are up 4.2% at A$0.87. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 26, 2024 20:05 ET (01:05 GMT)
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