0127 GMT - Zip's bull at Jefferies thinks the Australian installment-payment provider is poised to benefit from continued growth in usage from its consumer customers. Analyst Evan Karatzas points out in a note that transactions per customer have more than doubled over the past three years to 13 per year. He tells clients that he sees a clear pathway for Zip to drive this above 20 over the medium term, which will sustain Zip's U.S. growth profile. Jefferies keeps a buy rating on the stock, with a target price of 3.80 Australian dollars. Shares are down 9.5% at A$2.76.
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