Aristocrat Leisure's full-year results beat Visible Alpha estimates, Citi says
Adds comments from Jefferies
** Brokerage firm Citi is upbeat on Australia's Aristocrat Leisure's ALL.AX FY24 results
** Company reported FY24 EBITDA of A$2,121 mln ($1.38 bln), about 1% ahead of Citi, as well as that of Visible Alpha consensus - Citi
** Jefferies says FY24 earnings reflected significant momentum in the U.S. land-based earnings, which is expected to continue into FY25
** Jefferies maintains "buy" rating, but raises PT 16% to A$77
** Citi lowers its FY25 and FY26 EBITDA ests. for ALL by about 2% and 1%, respectively, to reflect the sale of company's gaming business
** Citi maintains"buy" rating and a PT of A$74 apiece
** Twelve of 13 analysts rate the stock "buy" or higher, one "hold"; their median PT is A$67, according to data compiled by LSEG
** Stock is up over 25%, YTD, as of last close
($1 = 1.5423 Australian dollars)
Reporting by Rajasik Mukherjee and Nikita Maria Jino in Bengaluru
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