Aristocrat Could Gain Share After Dragon Train Injunction -- Market Talk

Dow Jones

2024-09-26

0149 GMT - Australia poker-machine developer Aristocrat Leisure could get some market-share benefits from the disrupted rollout of rival Light & Wonder's Dragon Train series, UBS analysts say. Even without Aristocrat's IP-driven preliminary injunction against Light & Wonder, the UBS analysts are growing more confident about Aristocrat's gaming operations outlook and its fiscal 2025 guidance. They tell clients in a note that meetings with industry stakeholders have bolstered their confidence in U.S. demand, with support coming from resilient consumers. UBS raises its target price 13% to A$63.50 and keeps a buy rating on the stock, which is up 13% at A$57.23. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 25, 2024 21:49 ET (01:49 GMT)

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Even without Aristocrat's IP-driven preliminary injunction against Light &amp; Wonder, the UBS analysts are growing more confident about Aristocrat's gaming operations outlook and its fiscal 2025 guidance. They tell clients in a note that meetings with industry stakeholders have bolstered their confidence in U.S. demand, with support coming from resilient consumers. UBS raises its target price 13% to A$63.50 and keeps a buy rating on the stock, which is up 13% at A$57.23. 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Even without Aristocrat's IP-driven preliminary injunction against Light &amp; Wonder, the UBS analysts are growing more confident about Aristocrat's gaming operations outlook and its fiscal 2025 guidance. They tell clients in a note that meetings with industry stakeholders have bolstered their confidence in U.S. demand, with support coming from resilient consumers. UBS raises its target price 13% to A$63.50 and keeps a buy rating on the stock, which is up 13% at A$57.23. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2024 21:49 ET (01:49 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALL.AU","symbol_name":"ARISTOCRAT LEISURE LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2470170247","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470170247","pubTimestamp":1727315340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0149 GMT - Australia poker-machine developer Aristocrat Leisure could get some market-share benefits from the disrupted rollout of rival Light & Wonder's Dragon Train series, UBS analysts say. 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