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

Reuters

Jul 28, 2025

** 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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box office strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-28 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":"LU2236285917.USD","symbol_name":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) 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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))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}