Report
Daniel Ragonese
EUR 147.86 For Business Accounts Only

We Transfer Coverage of Aristocrat Leisure; Fair Value Estimate and Forecasts Unchanged

We have transferred analyst coverage of Aristocrat Leisure. We reaffirm our current forecasts and retain our AUD 12 per share fair value estimate. The company is likely to generate high-single-digit earnings growth over the next three years, driven by continuing market share gains across key regions, operating leverage within the digital business, and lower financing costs. We retain our narrow economic moat, high fair value uncertainty, and Standard stewardship ratings. Electronic gaming machin...
Underlying
Aristocrat Leisure Limited

Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Daniel Ragonese

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