0506 GMT - Aristocrat Leisure's bulls at UBS stay positive on the stock despite the slots maker's first-half profit miss. Analysts Andre Fromyhr and Bradley Beckett tell clients in a note that Aristocrat's 1H profit was 7% lower than they had anticipated, but that they cut their full-year forecast by just 6% due to what they see as relative 2H tailwinds. The stock fell almost 9% on the 1H result announcement, which the UBS pair says is the market pricing in worries that 2H growth will be more challenged. They don't think that the fundamentals have changed and keep a buy rating on the stock. Target price falls by 2.8% to A$72.40. Shares are up 2.6% at A$63.71. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 01:06 ET (05:06 GMT)
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