Data suggest Aristocrat achieved 23% US ship-share in the Sep Q, up from 20% and in line with UBS forecasts.
Customers expect to allocate 28% of forward purchases to Aristocrat, ahead of the broker’s 24% forecast and a new record, reinforcing the broker’s view the company is enjoying a step-change on the back of a broader offering.
Buy and $34.10 target retained.
Sector: Consumer Services.
Target price is $34.10.Current Price is $31.62. Difference: $2.48 – (brackets indicate current price is over target). If ALL meets the UBS target it will return approximately 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).