Thursday December 20, 07:05 PM
PokerTek upgraded to "buy"
NEW YORK, December 20 (newratings.com) - Analyst Mark E Smith of Feltl and Company upgrades PokerTek Inc (PTEK - news) (ticker: PTEK) from "hold"
to "buy," while raising his estimates for the company. The target price is set to $10.
In a research note published this morning, the analyst mentions that the company is expected to achieve its target of "at or near 200 casino tables" by the yearend. The demand for PokerTek's PokerPro is robust, with large casinos and cruise ships installing this product, the analyst says. Feltl and Company expects the sales of the company's Heads Up Challenge product to be robust in 2008. The EPS estimate for 2008 has been raised from -$0.66 to -$0.55.
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