Jefferies initiates coverage on travel group Webjet with 'hold'

Webjet

21/10/2024 22:26

** Jefferies initiates coverage on Australia's Webjet
 WJL.AX  at A$0.95, stock rating at "hold"
    ** Brokerage sees merit in WJL's strategy as a stand-alone
business looking to increase investment in technology and brand
    ** Believes WJL is an attractive M&A target for global
majors in the travel services market
    ** Stock ended Monday at A$0.82

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com))