** Jefferies says gambling firm Tabcorp TAH.AX is in the early stages of a meaningful organic rebound amid market recovery
** Brokerage confident in improving wagering market, particularly in Racing, which appears to have bottomed
** Management's focus on resizing, cost control and leveraging assets to boost returns — brokerage
** Jefferies sees digital investment-focused strategy shift to enhance returns and profitability
** Despite balance sheet concerns, Jefferies anticipates TAH to deleverage to ~2x ND/EBITDA by FY25, driven by EBITDA uplift from Victorian license benefits
** Keeps "buy" rating at price target of A$0.77/shr
** Stock up ~8% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。