Tourism Holdings' Assumptions Look Undemanding to Bull -- Market Talk

Dow Jones09-05

2346 GMT - Tourism Holdings' new bull at Wilsons thinks that the rental-vehicle provider's medium-term profit targets are underpinned by pretty undemanding assumptions. Raising his recommendation on the stock to overweight from market-weight, analyst Ben Wilson reckons that assumptions including 25% growth in rental days and rental yields in line with inflation look reasonable. The dual-listed company wants a NZ$100 million net profit within three to four years. Wilson lifts his FY 2028 normalized net profit forecast 9.6% to NZ$82 million. Wilsons' target price on Tourism Holdings' ASX-listed stock rises 39% to A$2.94. Shares are at A$2.19 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

September 04, 2025 19:46 ET (23:46 GMT)

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