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Media and Games Invest: KingsIsle M&A provides leap in revenue and earnings - GBC

KingsIsle M&A provides leap in revenue and earnings and significantly strengthens US business; Internationalisation of acquired games IPS and expansion of these online games to further end devices opens up significant revenue potential; Increase in forecasts and price target.

Within the framework of our DCF valuation model, we have determined a new target price of €5.15 (previously: €3.20) we continue to assign a Buy rating and see significant upside potential.
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