MARKETS SPECTATOR: Webjet updraft

UBS sees more potential for Webjet in the wake of the company's first-half results and promising Zuji acquisition.

UBS has this morning resumed its coverage of Webjet with an upgrade to buy from neutral following its acquisition of Zuji and its results for the first half of 2013.

UBS believes the Zuji acquisition plus packaging upside offset execution risks and slower Australian growth.

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