Inspired Entertainment price target raised to $27 from $24 at B. Riley

B. Riley analyst David Bain raised the firm’s price target on Inspired Entertainment to $27 from $24 and keeps a Buy rating on the shares after meeting with management. The analyst believes Inspired’s Q4 Virtual Sports EBITDA will grow over 50% year-over-year and 20% next year, "though this is before additional channels and product verticals are potentially announced and incorporated into our model, likely in the near term."