PBH – Credit Suisse rates the stock as Neutral
Target falls to $5.50 from $8.00, downgrade to Neutral from Outperform.
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PBH – Credit Suisse rates the stock as Neutral
Pointsbet Holdings’ FY2021 first-half result appears to have met Credit Suisse’ expectations and the broker retains its long-term optimism on the stock. Neutral rating and $16 target price retained.
Read MoreUS Sport A Sure Bet
Corporate Connect analyst Jennifer Owen examines the potential of PointsBet Holdings as the American sports betting market opens up and the company confirms a five-year media partnership with the largest broadcaster of sports in the US, NBCUniversal.
Read MoreThe Gambling Stocks To Punt On Post The Coronavirus Crunch
The age-old notion of Australians betting on anything that crawls has been supported by the behaviour of sports punters during the virus lockdown that has stymied most professional sporting events.
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