0320 GMT - Tyro Payments' exceptional execution amid a welter of pressures from consumer spending and business closures earns the Australian payments provider a bullish recommendation at Wilsons. The broker's analysts reckon growth should re-accelerate over the coming 12 months following what they view as a re-basing of total transaction value. While expected central-bank interest-rate cuts are seen as being of limited value to Tyro, they think mooted changes to Australian surcharging rules should be a net positive to Tyro's margins. Wilsons trims its target price 2.5% to A$1.15 but raises its recommendation to overweight from market weight. Shares are down 0.8% at A$0.9375. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 22:20 ET (03:20 GMT)
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