** 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))
Comments