0041 GMT - Tyro Payments' long-term opportunity remains despite recent outages of its payment terminals, and the strength of its product should help the company overcome short-term customer churn, Morgan Stanley says. The investment bank still thinks the challenger firm could make meaningful market share gains thanks to a small-to-medium business product it says is superior to others. MS says the next phase for Tyro, which is up against terminal suppliers including major banks, will be restoring confidence that the hardware fault was a one-off incident. Morgan Stanley remains overweight on the stock and maintains a A$4.00 target price. Shares are 8.3% lower at A$2.66.
TYR Price at posting:
$2.70 Sentiment: Hold Disclosure: Held
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