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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.