Aristocrat's Bulls See Reiterated Target Soothing Nerves

Dow Jones
Jul 02

0236 GMT - Aristocrat Leisure's bulls at UBS think that the slots-maker's reiteration of its fiscal 2029 interactive revenue target should soothe any nerves over the division's recent growth. Retaining a buy rating on the stock, the investment bank's analysts tell clients in a note that interactive revenue has been tracking below the pace required to hit the US$1 billion target that it first outlined two years ago. The reiteration is therefore positive, although the analysts point out that management was hesitant to promise material margin expansion on the way to the target. This may slightly hurt confidence, they add. UBS keeps a target price of 69.40 Australian dollars on the stock, which is up 2.4% at A$61.95. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 01, 2026 22:36 ET (02:36 GMT)

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