2203 GMT - Jefferies doesn't share EML Payments's confidence in achieving its FY 2028 financial targets. EML Payments recently reaffirmed goals that include a 35% underlying Ebitda margin, EPS of A$0.13, and a cost-to-income ratio of less than 40%. "We are cautious on these targets, given EML remains modestly behind in FY26, and there is still a risky implementation required in migrating customers to the new tech platform, which may not be completed by FY28," analyst Roger Samuel says. Its price target falls 22% to A$0.78/share. Still, Jefferies retains a buy call on the stock. EML Payments ended Monday at A$0.59. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 23, 2026 18:03 ET (22:03 GMT)
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