Jefferies hikes PT for Australia's Flight Centre as travel outlook improves on peace deal
Wed 19:55
BUZZ-Jefferies hikes PT for Australia's Flight Centre as travel outlook improves on peace deal ** Jefferies hikes price target for Flight Centre Travel FLT.AX to A$14.50 from A$14.00, retains "buy"
** Says outlook is more positive and travel volumes historically rebound when conflicts subside
** Travel retailer on Wednesday unveiled a share buyback plan of up to A$200 million ($140.82 million) and trimmed its annual profit forecast on confict impact
** Jefferies cut 2026 estimate following co's new guidance, but says FY27 outlook has improved with likely peace deal and Australia relaxing travel advice
** Shares closed up 5.3% on Wednesday following the buyback and guidance announcement
**YTD, shares down 17.1%
($1 = 1.4203 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
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