RBC Capital initiated coverage of Aristocrat Leisure (ARLUF) with an Outperform rating and A$58 price target The firm cited “robust” forecast EPS growth in a resilient gaming market, the company’s market leading positions in North America and ANZ, “strong” free cash flow generation, and an “undergeared” balance sheet as its basis for the Outperform rating. RBC added that it believes the stock is “attractively priced.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARLUF:
- Aristocrat Leisure Cancels Over 432,000 Lapsed Performance Share Rights
- Aristocrat Leisure Issues 80,693 New Shares on Option Conversion
- Aristocrat Issues New Performance Rights Under Employee Incentive Scheme
- Aristocrat Issues New Performance Share Rights Under Employee Incentive Plan
- Aristocrat Leisure Issues 922,248 Performance Share Rights Under Incentive Scheme