TYR 0.82% 92.8¢ tyro payments limited

Shaw & Partners pivot behind Tyro?

  1. 77 Posts.
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    I noticed Friday night (Feb 16) market wrap included this line:
    • Tyro Payments (TYR)initiated buy at Shaw and Partners; Price Target: $1.60

    That's quite a change in sentiment in the 8 months since June 23 when Adam Dawes at Shaw nominated Tyro as a tax-loss "Sell" and felt it appears "fundamental expensive".

    https://******.com.au/media/stocks-in-dawes-naughty-corner-?videoId=29971
    or search "aus biz Stocks in Dawes' naughty corner 26 Jun 2023"

    The most material news is the Kounta settlement, but they must have already been shifting position, to initiate a Buy rating on the same day as the news. Anyone here has access to Shaw research and can shed more light on why they shifted sentiment?
    Last edited by Gost: 17/02/24
 
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