ALL – Deutsche Bank rates the stock as Buy

Deutsche Bank believes the upcoming interim result will reveal that the extraordinary success of the land-based gaming business is being reinvested in the Americas and digital divisions. Nevertheless, the broker expects the result to surprise to the upside.

Recent survey and peer results revealed the North American gaming market is firm and Aristocrat Leisure is continuing to gain share in class III and class II as well as hold share in the more competitive outright sales segment. Buy rating and $39.30 target.

Sector: Consumer Services.

Target price is $39.30.Current Price is $26.87. Difference: $12.43 – (brackets indicate current price is over target). If ALL meets the Deutsche Bank target it will return approximately 32% (excluding dividends, fees and charges – negative figures indicate an expected loss).

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →