At $27.00, ALL is at about 17.5X estimated FY 2019 earnings.
In addition, given ALL’s exposure in the USA, a further fall in the AUD/USD will act as a tailwind for earnings going into next year.
You're not a member! Trial today
ALL is part of our ASX Top 50 Model portfolio and we have an upside target of $40.50 over the medium-term.
The share price of CWN dipped to a 10-month low of $12.25 on Monday.
At the current level of $12.60, the stock is trading at less than 20X FY 2019 earnings for a partially franked yield of 4.5%.
Crown is included in our ASX Top 100 Model Portfolio.
Our near-term price target is just over $14.20, with a longer-term view to $15.75
