Citizens JMP lowered the firm’s price target on Inspired Entertainment (INSE) to $12 from $13 and keeps an Outperform rating on the shares. Inspired Entertainment missed EBITDA expectations by 5%, though the company is focused on execution and getting the balance sheet in a comfortable position, the analyst tells investors in a research note. The continued growth of the high-margin online business is supporting higher levels of free cash flow vs. prior years, the firm says.
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