UBS upgrades Aristocrat to buy, raises earnings estimates

    Aristocrat Leisure stock has been upgraded to a buy rating by analysts at UBS, who cited positive signs in product performance in a challenging environment. The firm also upped its earnings estimates and now expects net profit after tax to rise 11 percent in 2014, with a 13 percent gain for 2015. UBS said there are high expectations for Aristocrat’s “Walking Dead” title and other future licensed content, such as Batman. The company is also likely to benefit from the weaker Australian dollar versus its U.S. counterpart.