Leisure & Tourism

Stockbroker Moelis believes investors should have Flight Centre on their radar.

Weekly update on recommendation, target price, and earning forecast changes.

Both Qantas and Virgin Blue are cheap but stockbroker Moelis states valuation on its own is not enough for investors looking to invest in airlines.

Where do you go when it’s bucketing down? Whitewater World of course! Ardent Leisure has blown them away. More to come?

A 10% yield makes Ardent Leisure an attractive bounce-back story, for the patient.

Yesterday FNArena showed the market has a range of opinions on Wotif.com and Commonwealth Bank has added to the discussion with a Sell rating on the stock.

Stockbrokers argue whether shares in Wotif.com are now a bargain or instead still too expensive. Earnings growth from H2 FY11 onwards will be key.

Both Credit Suisse and Morgan Stanley have added coverage on Australian companies today, while Macquarie has cut iSoft from its coverage universe.

A stronger Australian dollar is causing a downturn in the Australian tourism industry, with implications for various regions and sectors of the economy, CommSec reports.

A rebound in travel bookings in FY10 meant a strong Flight Centre profit result and with guidance positive in coming years forecasts and targets are moving higher.