Citizens JMP lowered the firm’s price target on Bragg Gaming (BRAG) to $4 from $6 and keeps an Outperform rating on the shares. Bragg Gaming missed consensus expectations for revenue and EBITDA in Q2 as several factors, some within its control and several outside its control, resulted in a “subpar” outcome, the analyst tells investors in a research note. The firm gets the sense that cost savings will drive an improved opex structure in the second half of 2025, hence its confidence around margin expansion in aggregate in the back half of the year.
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