BoA Merrill Lynch maintains a Buy on Ainsworth Game Technology following the company's positive trading update and 2H commentary which was in line with broker...

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BoA Merrill Lynch maintains a Buy on Ainsworth Game Technology following the company's positive trading update and 2H commentary which was in line with broker consensus. The company expects to see growth of 38% in earnings which is impressive for a tough consumer market. The broker expects to see 22% earnings growth in FY14 with a target price of $4.07 (current price: $3.87). Similarly, Macquarie has rated AGI as Outperform, expecting 15-20% compound earnings growth over the next 3 years. The broker has upgraded its FY13 forecast by 9% with a target price of $3.65 (cut down from $3.70).


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