Stand pat on Aristocrat, analyst says

Despite favorable indicators both in the United States and elsewhere, Jefferies Equity Research analyst Kai Erman couldn’t put a Buy rating on Aristocrat Leisure stock. His hesitancy was expressed in an October 21 investor note. Erman allowed that Aristocrat was firming up its U.S. market share, showing stateside momentum, and making inroads in igaming overall. “However, we see this largely reflected in consensus forecasts and market expectations,” he wrote. Although the analyst raised his Aristocrat price target to AU$68 a share from AU$63, he maintained a Hold rating on the stock.

Source: CDC Gaming Reports