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Stock market: Gtech up after the buyout of Société Générale

Gtech up at Piazza Affari with +1,4%, following the favorable opinion of Société Générale – The French bank has begun hedging the company with a 'buy' recommendation and an indication of a target price of 30 euros.

Stock market: Gtech up after the buyout of Société Générale

Gtech gains 1,4% in Piazza Affari following the favorable opinion of Société Générale. The French bank began its coverage of Gtech with a 'buy' recommendation and an indication of a target price of 30 euros.

Experts appreciate that the company operates throughout the gaming business chain, i.e. from the technology offer in the United States and Great Britain to the management of lotteries in Italy through the Lotto.

"While we think that the game will tend to stagnate in Italy - they commented in the report - we estimate that in America and on international markets it can grow by an average of 10% every year".

In the event that the company has to pay more to win some contracts in the United States, the price target would be lower, but still equal to 27 euros.

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