** Australia-listed gaming firm Tabcorp TAH.AX rises 3.1%; peer Aristocrat ALL.AX, Lottery Corp TLC.AX slip 0.2% and 0.4%, respectively
** Jefferies lifts PT, citing earnings upside on wagering rebound, self-help beyond yield-hit H1
** Stays constructive on Aristocrat, but sees shares range-bound without Interactive segment ramp-up or M&A clarity
** Retains "Hold" on Lottery Corp after jackpot-driven rev dip drags H1, but sees growth picking up in H2
** However, flags uncertainty on balance sheet, VIC licence timing and CEO strategy
** Last year, TAH, TLC gained 75.2% and 4.5% respectively; ALL lost 14.9%
STOCK | RATING | OLD PT (A$) | NEW PT (A$) |
ALL | Buy | 71 | - |
TAH | Buy | 1.07 | 1.20 |
TLC | Hold | 5.90 | 5.65 |
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))