Jefferies analyst Sebastian Patulea upgraded Team17 to Hold from Underperform with a price target of 475 GBp, up from 346 GBp, after assuming coverage of the name. The analyst is positioning towards the low-end of the video game market, towards highly recognizable properties and towards operators with recurring revenue models.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly