Wednesday December 5, 02:06 PM
BWIN Interactive Entertainment upgraded to "buy"
LONDON, December 5 (newratings.com) - Analysts at CAIB Research upgrade BWIN Interactive Entertainment (Vienna: BWIN.VI - news) (ticker:
BWIN) from "sell" to "buy," while raising their estimates for the company. The target price has been raised from E15 to E28.
In a research note published this morning, the analysts mention that although the company has reported its 3Q results short of the expectations, its sports betting customers grew 18% q/q. The increase in sports betting customers is likely to continue in 4Q and 1H08, resulting in improved earnings at BWIN Interactive Entertainment, the analysts add. The EPS estimates for FY07 and FY08 have been raised from -E0.35 to -E0.28 and from -E0.24 to E0.27, respectively.
© 2007 New Ratings
Click here for more articles from NewRatings.com
|
|
|
Send Article by Email
