BUZZ-Morgan Stanley cuts PT for Australia's Tabcorp on weaker industry trends
Reuters
Nov 14, 2025
BUZZ-<a href="https://laohu8.com/S/MTK">Morgan Stanley</a> cuts PT for Australia's Tabcorp on weaker industry trends
** Analysts at Morgan Stanley lower price target for Australia's Tabcorp Holdings TAH.AX to A$1.02 from A$1.15; maintains "overweight" rating
** Brokerage says competitor results indicate a challenged start to the Australian wagering market in FY26, after Entain ENT.L reported a 6% fall in Australian net gaming revenue in FY26 while Flutter FLTRF.L posted a 5% decline in Australian sportsbook handle in Q3
** Morgan Stanley cuts FY26 EBITDA estimates for Tabcorp by nearly 11%; lowers FY26 NPAT estimates by nearly 44%
** Nine out of 11 analysts rate the stock "buy", and one apiece rate "hold" and "sell"; set median PT at A$1.02, according to data compiled by LSEG
** Stock last down 3.2% at A$0.9; YTD up 59.3%
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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