Tiger Brokers

BUZZ-Jefferies lifts PT on gaming firm Aristocrat; upgrades to 'buy'

Reuters
Oct 25, 2024

** Analysts at Jefferies upgrade stock rating on Australia's Aristocrat Leisure to "buy" from "hold", lift PT to A$68 from A$41.15

** Jefferies says the global gaming and tech firm's competitive and industry environment remains supportive for significant growth in FY25 and FY26

** Says company's iGaming business could be a $500 mln EBITDA business in the medium and strategic review of PxU operations and should only aid further earnings growth

** Lifts earnings ests. for Americas business operations by 9% and 13% for FY25 and FY26, respectively

** ALL ended Thursday at A$57.39

** Stock is up 40.6% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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