Lottery Corp.'s New Bull Is Feeling Lucky -- Market Talk

Dow Jones11-27
 

2304 GMT - Jefferies now sees Lottery Corp. as a good bet for investors. Analyst Kai Erman upgrades Lottery Corp. to "buy," from "hold," highlighting several catalysts with the potential to drive earnings growth in the high single digit percent. "Clarity on Lottery Corp.'s balance sheet and capital management post Victoria licence renewal is an important catalyst for the stock in our view given curious gearing," Jefferies says. Other catalysts include delivery on digital penetration and efforts to lift margins, as well as continued 3%-5% revenue growth in Lotteries, the bank adds. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

November 26, 2024 18:04 ET (23:04 GMT)

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