BUZZ-Australia's Lottery Corp down, Macquarie trims PT on weak outlook

Reuters11-12
BUZZ-Australia's <a href="https://laohu8.com/S/LTRCF">Lottery Corp</a> down, <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> trims PT on weak outlook

** Analysts at Macquarie cut price target on Australia's Lottery Corp TLC.AX to A$5.40 from A$5.50, maintain "neutral" rating

** TLC falls 1.4% to A$5.39; YTD, stock up 8.8%

** Macquarie forecasts a 4% rise in FY26 Australian lotteries volume growth vs 9% growth previously expected

** Expects digital penetration to drop in the first half, impacted by changing composition of sales channels over previous half

** Lowers EPS guidance for co by 9%, 3% and 2% for FY26, `FY27 and FY28, respectively

** Nine out of 14 analysts covering the stock rate it "hold", three "buy" and two "sell"; median price target A$5.75 - data compiled by LSEG

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment