BUZZ-Australia's Aristocrat Leisure gains; Jefferies keeps 'buy' despite US jitters

Reuters
08 Apr
BUZZ-Australia's Aristocrat Leisure gains; Jefferies keeps 'buy' despite US jitters

Adds share move and milestone, updates YTD move in bullet 1 and 6, respectively

** Aristocrat Leisure ALL.AX gains 3.5% to A$59.41; marks biggest intraday percentage gain since January 28

** Jefferies is confident in the poker machine maker's earnings growth given positive customer and competitor check, despite fears on U.S. consumer activity; reiterates "buy"

** Brokerage sees co installing 5,300 net leased unit (down from 5,600 due to mildly weaker Q2 FY25 gross gaming rev expectations), expects higher premium mix to benefit fee per day (FPD) from H2 FY25

** Jefferies says, "We cut FY25 Americas forecasts by -1% accordingly, and forecast a 48%/52% earnings skew from stronger FPD and volume"

** Stock rated "buy" on avg; median PT is A$76.50, per data compiled by LSEG

** YTD, ALL down 13%

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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