JMP Securities analyst Jordan Bender lowered the firm’s price target on Inspired Entertainment to $14 from $15 and keeps an Outperform rating on the shares. Inspired Entertainment’s Q1 was better than the firm’s expectations outside of its gaming segment, resulting in the entire company missing on revenue, EBITDA and margins, the analyst tells investors in a research note. JMP feels the year will improve and that a string of catalysts will support higher EBITDA for the remainder of the year.
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