Australia's EML Payments falls as Jefferies cuts PT on weak quarterly update

EML Payments

20/11/2025 01:17

Updates

** Shares of EML Payments EML.AX fall as much as 2% to A$0.858

** Jefferies cuts price target for EML to A$1 per share from A$1.40 after weak first-quarter trading updates

** Brokerage cites lower market risk appetite following the update as a reason for PT downgrade; retains "buy" rating

** The payment solutions provider reported a 42% drop in underlying EBITDA for first quarter and 2% decline in total revenue on Wednesday

** Jefferies sees normalisation of rate cut cycles as a potential headwind for EML

** Most analysts rate stock at "buy" or higher; their median PT is A$1.20, according to LSEG data

** Stock up 3% this year, including session's moves

 (Reporting by John Biju & Rajasik Mukherjee in Bengaluru)

 ((John.Biju@thomsonreuters.com;))