0358 GMT - Aristocrat Leisure's bull at Bell Potter thinks that the slots maker is well placed to deliver a strong second-half result despite a first-half revenue miss. Analyst Baxter Kirk acknowledges that the Australian company's first-half revenue of A$3.035 billion fell short of his forecast for A$3.18 billion, but thinks that most of the contributing factors are isolated to this period. The miss was largely driven by lower outright sales in Australia, New Zealand and international markets, as well as lower fees per day, he says in a note. BP lowers its target price 4.8% to A$79.00 and keeps a buy rating on the stock, which is down 1.2% at A$62.51. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

0411 GMT - Aristocrat Leisure's bull at Bell Potter thinks that the slots maker is well placed to deliver a strong 2H result despite a 1H revenue miss. Analyst Baxter Kirk acknowledges that the Australian company's 1H revenue of A$3.035 billion fell short of his forecast for A$3.18 billion, but thinks that most of the contributing factors are isolated to this period. The miss was largely driven by lower outright sales in Australia, New Zealand and international markets, as well as lower fees per day, he says in a note. BP lowers its target price 4.8% to A$79.00 and keeps a buy rating on the stock, which is down 1.2% at A$62.51. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 16, 2025 00:11 ET (04:11 GMT)

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