As Aristocrat Leisure moves into its September half Credit Suisse notes the company has a period of difficult comparables ahead, but positively the company indicated new product Buffalo Link has set a record as its fastest scaling land-based game.
The broker anticipates better than forecast March half gaming operation revenue will be reported, with US commercial casino gaming revenue up 45% on the previous comparable period in the December quarter. Credit Suisse lifts full year gaming operations revenue 10%.
The Outperform rating is retained and the target price decreases to $45.00 from $49.00.
Sector: Consumer Services.
Target price is $45.00.Current Price is $37.15. Difference: $7.85 – (brackets indicate current price is over target). If ALL meets the Credit Suisse target it will return approximately 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).
