BUZZ-Jefferies lowers PT, earnings estimates on Australia's Tyro Payments

Reuters10-16

** Analysts at Jefferies cut price target on Australia's Tyro Payments 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

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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