Evolution Gaming: Hold Rating Maintained as €2bn Buyback Plan Offsets Legal Uncertainty; $630 Price Target Reiterated
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James Wheatcroft from Jefferies maintains a Hold rating on Evolution Gaming with a SEK630 price target. The rating reflects a €2.0bn share buyback plan, indicating strong cash generation, but raises concerns over net cash depletion amid ongoing legal uncertainties. Wheatcroft believes the stock's valuation already accounts for regulatory risks.
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