** Analysts at Morningstar believe growth forecast for Australia's Tyro Payments TYR.AX remains intact despite CEO Jon Davey's intended resignation
** Brokerage sees the payments firm announcing new product rollouts, expansion into markets and use of its banking license to complement merchant acquiring operations
** Morningstar does not see a material shift in Tyro's business strategy with CEO leaving
** Alignment between board and Davey on strategic priorities suggests that successor likely to continue executing the firm's current plans, rather than pursuing a change in direction - brokerage
** Brokerage maintains A$1.3 fair value estimate on company, with shares currently screening as undervalued
** Adds that it continues to see good growth potential as Tyro expands its footprint, despite flagging that CEO resignation might disappoint some investors
** Stock up 0.6% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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