Fly News Breaks for August 21, 2019
Aug 21, 2019 | 06:27 EDT
Deutsche Bank analyst Bryan Kraft started Wanda Sports with a Buy rating and $11 price target, stating that he views the company as well positioned for growth as the global market leader in mass participation sports. He forecasts an 11% revenue and 15% adjusted EBITDA CAGR for the period 2019-2023, which includes forecasted acquisitions as Kraft noted that mass participation sports is a "highly fragmented industry."
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