Fly News Breaks for January 22, 2020
SCPL
Jan 22, 2020 | 07:17 EDT
DA Davidson analyst Franco Granda initiated coverage of SciPlay with a Buy rating and $15 price target. The analyst cites the company's leading position as a developer of social casino mobile gaming and sees the stock offering best-in-class margins, an attractive game portfolio, and the potential for "organic and inorganic expansion of geographic regions and genres." Granda contends that SciPlay's growth story is in its early innings and anticipates meaningful revenue ramp ahead.
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