UBS upgrades Australia's Tabcorp to 'buy', raises PT

Tabcorp Holdings

26/09/2025 05:16

** Analysts at UBS upgrades Australia's Tabcorp TAH.AX to "buy" from "neutral", raises price target to A$1.12 from A$0.68

** UBS says the entertainment company's new strategy aims to better monetise its unique assets through initiatives such as new retail commercial model and omni-channel activation, better monetising media assets, cutting expenses and combining betting systems, among others

** Investment bank's survey shows omni-channel participation for gaming services and media firm has increased steadily, market conditions are improving in line with guidance and co's app remains competitive in features but is not industry leader

** Lower operating expenses, capex, net interest and cash tax in FY25 to increase EPS by 41-54% over FY26-28 - UBS

** Tabcorp rises as much as 3.1% to A$1.005, its biggest intraday gain since September 9

** YTD stock up 77.4%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))