Tabcorp's New Bull Says Selloff Is Overdone -- Market Talk

Dow Jones

May 29

0053 GMT - Tabcorp gets a new bull at Morgans on what analyst Leo Partridge reckons is an overdone share-price reaction to a regulatory investigation into the Australian bookmaker. Raising his recommendation to buy from accumulate, Partridge tell clients in a note that the stock is materially undervalued after falling 37% since financial-crimes watchdog AUSTRAC said it was looking into potential noncompilance with its anti-money laundering obligations. He says he is cautious on the ultimate outcome but thinks that the market is pricing in the most bearish scenario. The business still appears to be on track to outperform in the near term, he adds. Morgans cuts its target price 11% to A$1.07. Shares are up 5.8% at A$0.7725. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 28, 2026 20:53 ET (00:53 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2639790617"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2639790617\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2639790617?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-29 08:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2639790617","market":"nz","top_or_hot":-1,"title":"Tabcorp's New Bull Says Selloff Is Overdone -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0053 GMT - Tabcorp gets a new bull at Morgans on what analyst Leo Partridge reckons is an overdone share-price reaction to a regulatory investigation into the Australian bookmaker. Raising his recommendation to buy from accumulate, Partridge tell clients in a note that the stock is materially undervalued after falling 37% since financial-crimes watchdog AUSTRAC said it was looking into potential noncompilance with its anti-money laundering obligations. He says he is cautious on the ultimate outcome but thinks that the market is pricing in the most bearish scenario. The business still appears to be on track to outperform in the near term, he adds. Morgans cuts its target price 11% to A$1.07. Shares are up 5.8% at A$0.7725. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 20:53 ET (00:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tabcorp's New Bull Says Selloff Is Overdone -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTabcorp's New Bull Says Selloff Is Overdone -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-29 08:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0053 GMT - Tabcorp gets a new bull at Morgans on what analyst Leo Partridge reckons is an overdone share-price reaction to a regulatory investigation into the Australian bookmaker. Raising his recommendation to buy from accumulate, Partridge tell clients in a note that the stock is materially undervalued after falling 37% since financial-crimes watchdog AUSTRAC said it was looking into potential noncompilance with its anti-money laundering obligations. He says he is cautious on the ultimate outcome but thinks that the market is pricing in the most bearish scenario. The business still appears to be on track to outperform in the near term, he adds. Morgans cuts its target price 11% to A$1.07. Shares are up 5.8% at A$0.7725. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 20:53 ET (00:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAH.AU","symbol_name":"TABCORP HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2639790617","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2639790617","pubTimestamp":1780015980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0053 GMT - Tabcorp gets a new bull at Morgans on what analyst Leo Partridge reckons is an overdone share-price reaction to a regulatory investigation into the Australian bookmaker. Raising his recommendation to buy from accumulate, Partridge tell clients in a note that the stock is materially undervalued after falling 37% since financial-crimes watchdog AUSTRAC said it was looking into potential noncompilance with its anti-money laundering obligations. He says he is cautious on the ultimate outcome but thinks that the market is pricing in the most bearish scenario. The business still appears to be on track to outperform in the near term, he adds. Morgans cuts its target price 11% to A$1.07. Shares are up 5.8% at A$0.7725. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TAH.AU":"TABCORP HOLDINGS LTD","BK7078":"赌场与赌博"},"translate_title":"Tabcorp的新牛市称抛售过度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TAH.AU":0.9},"content_text":"0053 GMT - Tabcorp gets a new bull at Morgans on what analyst Leo Partridge reckons is an overdone share-price reaction to a regulatory investigation into the Australian bookmaker. Raising his recommendation to buy from accumulate, Partridge tell clients in a note that the stock is materially undervalued after falling 37% since financial-crimes watchdog AUSTRAC said it was looking into potential noncompilance with its anti-money laundering obligations. He says he is cautious on the ultimate outcome but thinks that the market is pricing in the most bearish scenario. The business still appears to be on track to outperform in the near term, he adds. Morgans cuts its target price 11% to A$1.07. Shares are up 5.8% at A$0.7725. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 28, 2026 20:53 ET (00:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}