Aristocrat Keeps Bull Despite Slight Margin Uncertainty

Dow Jones
Jul 02

0201 GMT - Slot-machine maker Aristocrat Leisure keeps its bull at Citi despite a little uncertainty over the likely margin on its US$1 billion interactive revenue target. Analyst Adrian Lemme points out that margin guidance issued when the Australian company first outlined its fiscal 2029 revenue aspiration no longer applies because it has since sold part of its former Pixel United business. Lemme writes in a note that he expects the remainder of the Pixel business to achieve a 47% margin in the current fiscal year, which compares with 32% prior to the divestment. Citi keeps a buy rating on the stock and a target price of 61.00 Australian dollars. Shares are up 2.6% at A$61.54. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 01, 2026 22:01 ET (02:01 GMT)

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