While the company is backing domestic reslience, a Trans-Tasman bubble will require sufficient vaccinations on both sides, which the broker doesn't see until 2022. Thereafter, it's all about a full border reopening and tourists flooding back, but the broker retains Equal-Weight on this unknown.
Target falls to NZ$7.17 from NZ$7.37. Industry view: Cautious.
Sector: Transportation.
Current Price is
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