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Get your tickets! Macquarie Research upgrade Village Roadshow (VRL) to Outperform. We upgrade VRL to Outperform (from Neutral) and conduct a deep-dive analysis of the outlook for Australian cinema exhibitors and content distributors. VRL has an enviable portfolio of leisure assets and is the market leader in each of its businesses. It is trading at a 20%+ discount to key peer Aredent LeisureAAD. We believe AAD deserves a premium (superior growth outlook); our $8.50 PT for VRL implies a ~16%/~9% discount in FY15e/FY16e. Upgrade to Outperform.
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The Livewire Equities feed brings you a range of insights that relate to Australian equities
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
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