Australia's Tabcorp rises as Jefferies lauds strategy refresh

Tabcorp Holdings

06/05/2025 03:22

** Shares of Australia's Tabcorp TAH.AX rise 8.8% to A$0.62, their highest levels since March 28

** Stock set for its strongest trading session since February 20

** Analysts at Jefferies say the gambling firm's strategy update addresses the key investor and industry concerns, especially focusing on optimising and improving retail offering

** Brokerage says retail operations remain TAH's key competitive differentiator and any innovation should be taken positively by market

** TAH's strategy to prioritise optimising performance across individual business unit, rather than relying on capex or opex investment to reclaim historical levels of digital market share appears prudent - Jefferies

** Brokerage has a "buy" rating on co and A$0.77 PT

** TAH stock up 8%, YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))