XM does not provide services to residents of the United States of America.

Citi upbeat on Australia's Lottery Corp's FY24 & FY25 earnings estimate



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-Citi upbeat on Australia's Lottery Corp's FY24 & FY25 earnings estimate</title></head><body>

** Analysts at Citi says earnings forecast for Lottery Corporation TLC.AX in FY24 and thereafter remain above consensus

** Citi says Lottery Office web traffic fell down but it is unlikely to have materially impacted Lottery Corp’s revenue over FY24

** Brokerage expects consumer environment to improve given the tax cuts and cost of living relief

** Retains "buy" rating and target price of A$5.60

** Nine of 14 analysts rate the stock "buy" or higher, five "hold"; their median PT is A$5.60 – LSEG data

** Stock is up about 2% this year, as of last close



Reporting by Rajasik Mukherjee in Bengaluru; Editing by David Gregorio

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.