Jefferies ups PT on Australia's Webjet on leisure travel recovery

Web Travel

13/03/2024 19:28

** Analysts from Jefferies see Webjet  WEB.AX  to benefit
from strong underlying leisure travel data
    ** Brokerage raises its price target on the travel and
tourism co to A$8.30 from A$7.00
    ** Says outbound international travel data shows ongoing
growth in most key regions for WebBeds, WEB's online marketplace
connecting hotels to online travel agencies
    ** Adds travel is back to/ahead of pre-Covid levels in all
regions except China, where a solid recovery is expected by
mid-2024
    ** 12 of 16 analysts rate the stock "buy" or higher, three
"hold" and one "sell" or lower; their median PT is A$8.38 – LSEG
data
    ** Stock up 1.4% YTD, as of last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))