BUZZ-Citi cuts PT for Australia's WiseTech; shares down

Reuters12-11

** Shares of WiseTech Global WTC.AX are down as much as 2.6% to A$70.71, its biggest intraday pct loss since Dec. 1** Citi cuts price target by 10% to A$109.15 but reiterates "buy"** Brokerage lowers FY27 revenue growth outlook for CargoWise segment to 21% to reflect lower Container Transport Optimisation revenue** Also lowers CTO revenue forecast to nearly A$15 million ($9.94 million) in FY27** Price target cut reflects lower peer multiples as well** 13 of 16 analysts "buy" rated or higher on shares; remaining three recommend "hold", as per LSEG-compiled data** YTD, shares are down 41.3%

($1 = 1.5090 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

(( Nichiket.Sunil@thomsonreuters.com ))

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