Gambling firm Tabcorp slides as Morgan Stanley cuts PT, earnings estimate

Tabcorp Holdings

13/10/2023 01:41

** Shares of Australia's Tabcorp Holdings  TAH.AX  fall as
much as 2.2% to A$0.895
    ** Analysts at Morgan Stanley trim PT on Australia's largest
gambling firm to A$1.20 from A$1.30
    ** The company on Thursday posted a fall in quarterly
revenue which missed market expectations
    ** Morgan Stanley cuts FY24 EBITDA estimates on co by 9%
    ** TAH has fallen 14.9% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))