BUZZ-Citi hikes PT for Australia's EVT on entertainment outlook, box office strength

Reuters

07-28

BUZZ-Citi hikes PT for Australia's EVT on entertainment outlook, box office strength

** Citi hikes its price target $(PT)$ for shares of entertainment co EVT EVT.AX by 12% to A$18.15, reiterates 'buy' rating

** Brokerage notes box office strength given the success of recent film releases

** Hikes its net profit after-tax (NPAT) forecasts for fiscal 2025 and 2026 by 5% and 2%, respectively, on strengthened confidence towards the entertainment business in the 'near term'

** Sees a strong FY26 for co, citing strong performance of films launched in June and July, and a strong 'event pipeline' in 1H26 for its hotels segment

** 6 analysts rated 'buy' on avg, median PT is A$18.15, per LSEG-compiled data

** Shares of co up 40.2% YTD at A$15.86

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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pipeline' in 1H26 for its hotels segment</p><p>** 6 analysts rated 'buy' on avg, median PT is A$18.15, per LSEG-compiled data</p><p>** Shares of co up 40.2% YTD at A$15.86</p><p> (Reporting by Nichiket Sunil in Bengaluru)</p><p> ((Nichiket.Sunil@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Citi hikes PT for Australia's EVT on entertainment outlook, box office strength</title>\n<style 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03:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citi hikes PT for Australia's EVT on entertainment outlook, box office strength</title></head><body><p>** Citi hikes its price target <a href=\"https://laohu8.com/S/PT\">$(PT)$</a> for shares of entertainment co EVT <span>EVT.AX</span> by 12% to A$18.15, reiterates 'buy' rating</p><p>** Brokerage notes box office strength given the success of recent film releases </p><p>** Hikes its net profit after-tax (NPAT) forecasts for fiscal 2025 and 2026 by 5% and 2%, respectively, on strengthened confidence towards the entertainment business in the 'near term'</p><p>** Sees a strong FY26 for co, citing strong performance of films launched in June and July, and a strong 'event pipeline' in 1H26 for its hotels segment</p><p>** 6 analysts rated 'buy' on avg, median PT is A$18.15, per LSEG-compiled data</p><p>** Shares of co up 40.2% YTD at A$15.86</p><p> (Reporting by Nichiket Sunil in Bengaluru)</p><p> ((Nichiket.Sunil@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0130517989.USD","symbol_name":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250727:nL4N3TO035:1","article_id":"2554745117","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554745117","pubTimestamp":1753643641,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citi hikes PT for Australia's EVT on entertainment outlook, box 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