BUZZ-Jefferies trims PT on Star Entertainment; sees decline in gambling activity for company

Reuters03-04

** Analysts at Jefferies cut price target on Australia's Star Entertainment to A$0.47/share from A$0.49/share

** Brokerage revises H224 EBITDA to A$110 mln ($71.72 mln)from previous guidance A$135 mln

** Sees increased remediation costs for company in 2H24

** Sees decline in gambling activity for the Australian casino operator

** Risks remain on Queen's Wharf Brisbane debt refinancing, retail offering, and unknown impacts from NSW gaming regulations from Aug. FY24 - Jefferies

** Five of seven analysts rate the stock "buy" or higher, 2 "hold"; their median PT is A$0.62 – LSEG data

** Stock up ~1% YTD, as of last close ($1 = 1.5337 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru. Editing by Jane Merriman)

((Roshan.Thomas@thomsonreuters.com))

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