COMMENTARYFor what management could control, Morgans deems the AGM trading update by Corporate Travel Management was positive, but a recent UK government announcement is set to weigh.The downside cannot as yet be quantified for the company's largest contract after the UK government announced its intention to reduce spending, including on travel, explains the broker.Given this announcement creates uncertainty around the company's Europe near-term earnings, the analysts downgrade to Hold from Add. The target also falls to $13.50 from $15.95.Elsewhere, the trading updated showed North America and the A&NZ region have started the year strongly, according to Morgans.FORECASTMorgans forecasts a full year FY25 dividend of 27.90 cents and EPS of 72.90 cents.Morgans forecasts a full year FY26 dividend of 34.60 cents and EPS of 83.40 cents.
From fnarena
I disagree with their view.
CTD Price at posting:
$11.80 Sentiment: Buy Disclosure: Held
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