0459 GMT - WiseTech Global's estimate that it can generate US$50 million of synergies from its acquisition of e2open looks conservative to Jefferies analyst Roger Samuel. He points out that e2open managed to reduce costs by US$30 million following its own earlier acquisition of INTTRA. Samuel tells clients in a note that he also sees potential for revenue synergies, with several e2open products likely to appeal to the logistics software provider's existing customers. The reverse is also true, he adds. Samuel says that discussions with former senior e2open executives have increased his conviction in the merits of combining the companies. Jefferies lifts its target price by 21% and keeps a buy rating on the stock, which is up 0.9% at A$116.19. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 21, 2025 00:59 ET (04:59 GMT)
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