0055 GMT - Slot machine maker Aristocrat Leisure looks a better bet to Jarden after its stock fell some 20% from its February high. Jarden upgrades Aristocrat to overweight, from neutral, while keeping its target price steady at A$68.00/share. "We now see an appropriate entry point, with a margin of safety capable of compensating U.S. consumer concerns and risks around capital allocation," says analyst Rohan Gallagher. "For a long time, the gaming industry has demonstrated remarkable resilience to changing economic times." Aristocrat is down 0.2% at A$62.31. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 21, 2025 20:55 ET (00:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.