LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

FLT - Morgan Stanley rates the stock as Underweight
BY BROKER NEWS - 12/12/2016 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

FLT - FLIGHT CENTRE LIMITED


Morgan Stanley suspects second half guidance is again too bullish. The broker's data points to an acceleration in international flight price deflation. Analysis of historical seasonality trends also highlights a risk to FY17 profit guidance.

Morgan Stanley takes advantage of the recent share price strength to downgrade to Underweight from Equal-weight. Target is reduced to $25 from $30.

Sector: Consumer Services.

Target price is $25.00.Current Price is $32.99. Difference: ($7.99) - (brackets indicate current price is over target). If FLT meets the Morgan Stanley target it will return approximately -32% (excluding dividends, fees and charges - negative figures indicate an expected loss).



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +

SHARECAFE VIDEO


View More Videos   

RECENTLY ADDED TO SHARECAFE


 › Friday At The Close
 › Austin Rides Unexpected Mining Recovery To Better Outlook
 › Kohler's Overview - Australian Economy
 › New Year (Investment) Resolutions
 › 2017: So Much Uncertainty, So Many Opportunities
 › Major Milestone For West African Resources
 › Market At Midday On Friday
 › Warning: There Might Be Bank Pain Ahead
 › Another Way To Use The Options Market
 › S32 - Credit Suisse rates the stock as Neutral
 › WPL - Macquarie rates the stock as Neutral
 › CSL - Morgans rates the stock as Add
 › Next Week At A Glance
 › Overnight: Downward Drift
More ShareCafe