Focus Entertainment: Berenberg raises buying advice

( – Berenberg announced on Wednesday that it had raised its recommendation on the Focus Entertainment stock from ‘hold’ to ‘buy’ with a target price raised from 50 to 65 euros.

In a note devoted to the video game sector, the analyst believes that the French publisher could be one of the rare players – with Keywords Studios, Team17 and tinyBuild – to hold their own in a ‘difficult’ market. ‘, where earnings warnings tend to multiply.

Conversely, Focus has managed to exceed analysts’ expectations for its third quarter and revised its 2023 forecasts upwards, a favorable dynamic set to continue in 2024 according to the intermediary.

Copyright © 2023 All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.

Did you like this article ? Share it with your friends with the buttons below.




Source link -85