Jefferies eyes in-line FY23 results for Tyro Payments; lifts PT

Tyro Payments

20/08/2023 21:53

** Analysts at Jefferies raise Price Target on Australia's
Tyro Payments  TYR.AX  to A$1.40/share from A$1.25/share;
upgrades to 'hold' from 'underperform'
    ** Jefferies expects the payments firm's FY23 results to be
largely in-line with market expectations
    ** Brokerage forecasts FY23 results to benefit from higher
merchant service fees
    ** Adds FY23 transaction value should be in line with market
consensus of A$42.55 bln ($27.24 bln) given co's guidance of
A$42.25 bln to A$42.75 bln
    ** Four of eight analysts rate the stock "buy", two "hold"
and two "sell"; their median PT is A$1.50 – Refinitiv data
    ** Stock has fallen 17.3% this year, as of last close 


($1 = 1.5620 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Lisa
Shumaker)
 ((Rishav.Chatterjee@thomsonreuters.com;))