2216 GMT - Citi sees increased risk that Lottery Corp. misses 2H consensus estimates. That's because the company needs 25% on-year growth in lottery turnover in May and June to hit market forecasts. "This appears very difficult given the cycling of large jackpots in the prior corresponding period and a recent deceleration in the Powerball jackpot sequence," analyst Adrian Lemme says. Still, it thinks negative sentiment about recent trading could be offset by Lottery Corp.'s defensive appeal right now. Also, the company could deliver positive updates on its digital operations and cost savings at an investor day scheduled for the middle of this year. "We therefore retain our 'neutral' rating and A$5.10 target price," Citi says. Lottery Corp. ended Monday at A$5.46. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 04, 2026 18:16 ET (22:16 GMT)
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