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ALL - Aristocrat Leisure News Story

A$37.63 -0.1  -0.2%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £13.46bn
Enterprise Value £14.49bn
Revenue £2.32bn
Position in Universe 21st / 1907

BUZZ-Aristocrat Leisure: MS initiates coverage with 'overweight' rating

Thu 4th March, 2021 10:52pm
** Morgan Stanley initiates coverage of Australian gambling
machine maker Aristocrat Leisure  ALL.AX  with "overweight"
rating and A$38 price target
    ** MS says it believes ALL "will emerge from the COVID-19
pandemic in a stronger competitive position with a diversified
and growing digital business and significant balance sheet
optionality"
    ** Says ALL's recent game performance, launches, and market
share trends remain positive and it is much better capitalised
than key competitors such as Scientific Games Corp  SGMS.O  and
International Game Technology  IGT.N 
    ** In November, ALL reported its 2020 profit almost doubled
and it restarted dividend payment  urn:newsml:reuters.com:*:nL4N2I41AG
    ** Eight of 11 brokerages rate the stock "buy" or higher,
three "hold"; median PT A$35.50
    ** Up to Thursday's close, stock had risen 1.5% this year

 (Reporting by Shashwat Awasthi in Bengaluru; Editing by Lisa
Shumaker)
 ((Shashwat.Awasthi@thomsonreuters.com))
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