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Evolution Price Drop Is Buying Opportunity, Bank of America Says

(PLX AI) – Evolution's 16% price drop yesterday is a buying opportunity, analysts at Bank of America said in a research note. The share fell after anonymous allegations of irregularities with accessing Evolution's games from countries under U.S. …

  • (PLX AI) – Evolution's 16% price drop yesterday is a buying opportunity, analysts at Bank of America said in a research note.
  • The share fell after anonymous allegations of irregularities with accessing Evolution's games from countries under U.S. sanctions
  • Evolution is already adhering to the requirements of its licenses, and the share price reaction is overdone, BofA said
  • It may make sense for Evolution to buy back its own shares now, which may help to squash fears of a large business reset: BofA
  • Evolution has one of the most unique, fast-growing, profitable and cash generative businesses within online gaming: BofA
  • Bank of America has a price target of SEK 1,910 for Evolution, implying 86% upside from yesterday's close


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Autor: PLX AI
26.11.2021, 07:23  |  185   |   |   

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Evolution Price Drop Is Buying Opportunity, Bank of America Says (PLX AI) – Evolution's 16% price drop yesterday is a buying opportunity, analysts at Bank of America said in a research note. The share fell after anonymous allegations of irregularities with accessing Evolution's games from countries under U.S. …

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