Neogames initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Steven Pizzella initiated coverage of Neogames with a Buy rating and $17 price target, which represents 23% upside from current levels. Neogames is well positioned within the internet gaming space, given its position and the "attractive fundamentals" in iLottery, as well as the growth trajectory and its role in the business-to-business iCasino segment, Pizzella tells investors in a research note. He believes the company will continue to grow via both organic and inorganic opportunities.