Citi ups TP, estimates for Australia's Westpac on better FY revenue momentum
** Analysts at Citi raise target price for Westpac Banking Corp WBC.AX to A$26.25 from A$32.40; retain "sell" rating
** Brokerage raises earnings forecast for FY25 and FY26 by 3%, to largely reflect co's better revenues and lower bad debts
** Brokerage says co's FY results showed an improving revenue trajectory and has enough positives to mitigate uncertainty on costs heading into FY25
** "WBC reported FY24 NPAT of A$6,990m, largely in-line with Citi/consensus expectations" - Citi
** Co posted a 3% drop in annual profit on Monday
** 8 of 13 analysts rate the stock "hold" and 5 "sell" or lower; their median PT is A$26.55– LSEG data
** Stock up 42.25% YTD, as of last close
Reporting by Sherin Sunny in Bengaluru
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