Flight Centre slides as brokers cut forecasts

Original article by Jamie Freed
The Australian Financial Review – Page: 15 : 25-May-16

Shares in Flight Centre Travel Group have shed 13.5 per cent in two trading sessions, in the wake of an earnings downgrade. The stock closed five per cent lower at $A31.88 on 24 May 2016. Deutsche Bank has reduced its 12-month share price target by 25 per cent to $A36, while Bell Potter’s target price has been slashed by 12 per cent to $A35.70. Deutsche has also reduced its recommendation on the stock from "buy" to "hold".

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, DEUTSCHE BANK AG, BELL POTTER SECURITIES LIMITED, MACQUARIE EQUITIES LIMITED, AUNT BETTY

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