TAH - Deutsche Bank rates the stock as Buy
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FY18 results were slightly below expectations. Deutsche Bank suggests Tabcorp is well-positioned to benefit from the integration of Tatts and an improving regulatory environment.
The company has exited loss-making businesses and the balance sheet is observed to have some flexibility. Buy rating and $5.50 target retained.
Sector: Consumer Services.
Target price is $5.50.Current Price is $4.81. Difference: $0.69 - (brackets indicate current price is over target). If TAH meets the Deutsche Bank target it will return approximately 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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