Analyst Alfred Reisenberger of CAIB Research upgrades BetandWin (BW9.FSE) from "sell" to "hold." The target price is set to €58.
In a research note published this morning, the analyst mentions that the company’s stock has depreciated by around 26% year-to-date. The current weakness in BetandWin’s share price was due to the overstatement of the company’s earnings, particularly those related to the World Cup, the analyst believes. The company’s stock appears to be the weakest amongst the European online gaming and betting stocks, CAIB Research adds.
source : newratings.com
