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Analyst coverage launches on PlayAGS [Seeking Alpha]

PLAYAGS INC (AGS)  More Company Research Source: Seeking Alpha
Last playags inc earnings: 8/2 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.playags.com
PDF Analyst coverage launches on PlayAGSThe quiet period is over on PlayAGS (AGS+0.6%) following the IPO last month.Deutsche Bank is out of the gate with a Buy rating and price target of $23."In AGS, we see an upstart equipment supplier, with a steady cash flow generating install base, several growth avenues, both domestic and international, and multiple fundamental tailwinds, which should promote a multiyear double-digit EBITDA CAGR," writes analyst Carlos Santarelli.Buy/Buy-equivalent ratings are also in from Stifel Nicolaus, Bank of America Merrill Lynch and Macquarie. The cautious one in the bunch is Jefferies with a Hold rating and $21 PT.PlayAGs currently trades at $20.06 vs. the $16 IPO pricing.Sources: Bloomberg, BenzingaSee all stocks on the move »Now read:PlayAGS Readies IPO Bet » [Read more]

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