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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FGETF: