Analysts at Jefferies cut price target on Australia's Tyro Payments(TYR)to A$1.4 from A$1.7
Lowers FY25-27 revenue expectations by 1-3% and cuts net profit after-tax estimates by 6-11%
Brokerage lowers PT and estimates reflecting the heightened regulatory risk environment after the Australian government's review of debit surcharging
However, Jefferies says Tyro is well-placed to weather any regulatory changes from debit surcharging being proposed by the government
Brokerage retains "buy" rating on stock
As of last close, stock down 27.2% YTD
So Whoever sold yesterday thinking this is gone bankrupt whatever lol..... Look what analyst saying .... Still putting target $1.40 which is not far off from $1.50 I thought when I bought this.. and If my thinking is correct... Market will take it there soon just to piss off everyone who sold lol.
TYR Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held
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