** Shares of Australia's Xero Ltd rise as much as 2% to A$126.14, on track for sixth straight day of gains
** Software service company is rationalising and simplifying its pricing model
** Macquarie estimates high-single-digit pct price hikes in most common plans; lifts FY24 EPS est by 3%
** Also hikes PT to A$154.6 from A$152.6; keeps "outperform" rating
** Avg rating of 17 analysts is equivalent of "buy"; median PT is A$135.93 –LSEG data
** Stock has risen ~5% in past six days, taking YTD gains to 12.2%
(Reporting by Megha Rani in Bengaluru)
((Megha.Rani2@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments