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You are here: Home | News | The City view - Game Group

The City view - Game Group

Friday February 27th 2009

The recommendation on Game Group has been upgraded for the second time this week by Altium Securities with it now moving it up to a 'Buy' and increasing its price target from 130p to 178p.

The broker states that the company has been moved into its specia
list retail sector coverage and that the near term forecasts have been changed to reflect its new views on cost growth. Altium re-iterates that the direction of its forecasts remain downward and that it is just the scale that has changed.

This has prompted it to change its price target to 7x 2009 earnings, which suggests some potential upside of 22% from the current share price. This has triggered its upgrade to a 'Buy' recommendation.


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