2354 GMT - Slot-machine maker Aristocrat Leisure keeps its bull at Macquarie despite the threat to U.S. earnings from slowing casino gaming revenues. Macquarie analysts warn that 40% of Aristocrat's earnings could be at risk if a slowdown in consumer spending hits slots play. That said, they say that U.S. casino gaming revenues appear to be somewhat insulated from economic slowdowns, showing a low correlation to U.S. GDP. They tell clients in a note that Aristocrat has diverse earnings across regions and products, most of which are defensive. Macquarie cuts its target price 6.25% to A$75.00 and keeps an outperform rating on the stock. Shares are down 1.2% at A$64.67. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 19:54 ET (23:54 GMT)
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