Jefferies upgraded Team17 (TSVNF) to Buy from Hold with a price target of 360 GBp, up from 230 GBp. The firm cites the catalyst of new management; a return to the low investment game development model; encouraging recent trading; potential upside from a focus on higher ROI first-party IP; net cash and the prospect of accretive M&A; and ongoing resilience of the back catalogue.
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Read More on TSVNF:
- Team17 Group Expands Share Capital on AIM Market
- Team17 Director Sells Significant Stake in Company
- Team17 Appoints New Adviser and Discloses Director Histories
- Team17’s Voting Rights See Major Boost by Liontrust
- Team17 Appoints Rashid Varachia as CFO and COO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
