Morningstar lowers FY net profit forecast for Australia's Aristocrat; Citi trims PT

Aristocrat Leisure

14/05/2026 24:04

** Analysts at Morningstar downgrade their estimates on 2026 underlying net profit for Aristocrat Leisure ALL.AX by 6% to A$1.6 billion ($1.16 billion), to reflect foreign currency fluctuations

** Investment research firm says co is well-positioned with top-performing franchises, adds "shares are undervalued, likely caught up in the broader selloff in technology stocks"

** Citi analysts keeps FY26 EBITDA forecast unchanged, cuts FY27 forecast by about 2%

** Brokerage retains "buy" rating, cuts price target to A$61 per share from A$65 apiece

** Stock over 10% this year

($1 = 1.3776 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))