Goldman Sachs downgraded Flight Centre Travel to Sell from Neutral with a price target of A$18.30, down from A$20.10. The firm cites corporate TTV growth moderating post normalization, increasing competition in the high-margin SME corporate travel segment and consensus corporate margin expectations it views as too high.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FGETF: