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Peel Hunt has maintained its “buy” recommendation for 888 but placed its target price under review after the Nevada Gaming Control Board recommended the gaming group as a licensed Interactive Gaming Service Provider on Wednesday. Peel Hunt highlighted that Nevada is looking to become a hub of expertise for other states looking to regulate online gaming. Therefore, being licensed by Nevada could be a valuable asset, it says.
Panmure Gordon said it anticipates a “robust set of results” from G4S on 13 March and has retained its “buy” rating with a price target of 297p. The broker said the decision to sell its US Government Solutions business “makes sense” although proceeds from the sale will not be significant. It expects its US Commercial to show a strong performance but Europe and US Government is expected to remain weak.
Canaccord Genuity has reduced its target price from 1,950p to 1,825p but kept a “buy” recommendation on the stock. The broker said whereas it was once a simple business with extremely high returns, “it is now investing significant amounts to reweight its business towards areas with better long-term growth but higher risk”. The pace of net profit growth in 2013 is currently uncertain, it added.