Stifel raised the firm’s price target on Brightstar Lottery (BRSL) to $20 from $18 and keeps a Buy rating on the shares after recently having hosted a series of investor meetings with management. Multiple growth vectors support a forthcoming inflection in organic growth and recent Powerball and Mega Millions jackpots support Q3 upside, the analyst tells investors. Positive estimate momentum and a potential multiple re-rating are underpinned by jackpot normalization and accelerating organic growth, the analyst added.
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