Citi, Jefferies positive on Australia's Web Travel after robust earnings

** Analysts at Citi up price target for Australia's Web Travel Group WEB to A$5.60 per share; retains "buy" rating

** Digital travel firm on Tuesday reported 1H underlying EBITDA of A$81.7 million ($52.89 million) vs A$70.0 million reported last year

** Overall resilient result in a tough travel environment - Citi analysts

** WEB is outperforming business-to-business peers; sector overall is growing at low single digits - Jefferies

** If WEB maintains current take-rate levels and keeps operating expense growth at low single digits, Jefferies believes financial model works and co can deliver solid earnings growth

** Brokerage keeps price target unchanged; maintains "hold" rating

** 12 of 15 analysts rate the stock "buy" or higher, three "hold"; their median PT is A$6.45, according to data compiled by LSEG

** Stock down 4.8% YTD, as of last close