The implications for Star Entertainment of the Victorian Royal Commission inquiry into Crown Resorts ((CWN)) may be negative for sentiment yet Ord Minnett considers its misconduct is highly unlikely to have been as bad as that of Crown.
Therefore, the likelihood of an adverse outcome from the NSW public inquiry that affects trading is considered low.
The broker retains an Accumulate rating with a $4.40 target.
Sector: Consumer Services.
Target price is $4.40.Current Price is $3.61. Difference: $0.79 - (brackets indicate current price is over target). If SGR meets the Ord Minnett target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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