Flight Centre (FLT) | Quant BUY ($55) - Published 22nd Nov 2013 - Nothing much has changed in this quality global travel growth story | We have changed our FLT...

Flight Centre (FLT) | Quant BUY ($55) - Published 22nd Nov 2013 - Nothing much has changed in this quality global travel growth story | We have changed our FLT rating from Quant SELL to Quant BUY with Quant Target Price (QTP) of $55. FLT is a quality global travel company that has been able to maintain double digit growth outlook since the GFC despite tough travel industry conditions. With domestic tourism recovery expected and robust departure volume holding in recent months despite falling currency, FLT should trade at higher multiples after the AGM comments confirmed the solid start to the financial year. (VIEW LINK)