Bragg Gaming Group: Cost Restructuring, AI-Driven Repositioning, and Market Refocus Underpin Buy Rating
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Haywood analyst Gianluca Tucci has reiterated a Buy rating on Bragg Gaming Group Inc, setting a price target of C$7.50. This rating is supported by a 12% workforce reduction expected to yield €4.5 million in annual savings, enhancing adjusted EBITDA and profitability. Tucci highlights Bragg's shift towards AI-driven operations and investment in high-growth markets like Brazil, which he believes will improve margins and financial flexibility. Despite a significant price drop from C$6.15 to C$3.10 over six months, Tucci sees attractive upside potential in the shares.
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