The early warning system for Tabcorp Holdings, suggests Ord Minnett, is its digital revenue market share, of which the cost to achieve this will now be more difficult to ascertain given the company is reporting tote and fixed odds yields together.

Ord Minnett struggles to see upside to current market share without promotional bonuses or benefits being significantly increased to simply defend existing market share.

Lighten and 90c target retained.

Sector: Consumer Services.

Target price is $0.90.Current Price is $1.03. Difference: ($0.13) - (brackets indicate current price is over target). If TAH meets the Ord Minnett target it will return approximately -14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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