ALL - Deutsche Bank rates the stock as Buy
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Deutsche Bank considers the acquisition of social gaming company, Plarium, to be a minor positive as it expands the company's presence in a larger social gaming market as well as the higher-growth digital segment.
The broker estimates the acquisition will be accretive by 4% in FY18. Buy rating retained. Target is raised to $28.50 from $27.40.
Sector: Consumer Services.
Target price is $28.50.Current Price is $21.26. Difference: $7.24 - (brackets indicate current price is over target). If ALL meets the Deutsche Bank target it will return approximately 25% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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