Deutsche Bank analyst Steven Pizzella downgraded NeoGames to Hold from Buy with an unchanged price target of $29.50. The company reported “mixed” Q2 earnings versus estimates and noted the expected timeline for completion of the Aristocrat business combination remains the first half of 2024, the analyst tells investors in a research note. Given the expected sale at $29.50 per share, and NeoGames trading within 9% of the acquisition price, the firm downgraded the shares.
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