Deutsche Bank Initiates Coverage on Shuffle Master (SHFL) with a Buy; Total Commitment to Maximize Shareholder Value
More News related to SHFL
- Shuffle Master, Inc. Announces New Addition to its Board of Directors
- Shuffle Master, Inc. to Exhibit at the International Gaming Expo (IGE) in London, United Kingdom, January 26-28, 2010
- KeyBanc Upgrades Shuffle Master (SHFL) to Buy; Raises 2010-11 Estimates on Recent Performance
- Brean Murray Reiterates a 'Buy' on Shuffle Master (SHFL); Plenty of Upside Potential
- After-Hours Movers 01/14: GNV, DISK, ENER, CF, INTC Higher; COOL, ASTM, FALC, TRA Lower
More News related to New Coverage
- Janney Montgomery Scott Initiates Coverage on Papa John's International (PZZA) with a Neutral
- Feltl & Co. Initiates Coverage on ActivIdentity (ACTI) with a Buy
- Oscar Gruss Initiates Coverage Airgas (ARG) with a Buy
- Sidoti & Co Initiates Coverage on Solutia (SOA) with a Buy
- RBC Capital Initiates Coverage on Questar (STR) with a Sector Perform
Deutsche Bank initiates coverage on Shuffle Master (Nasdaq: SHFL) with a Buy rating. Price target $11.
Deutsche analyst says, "SHFL is the overwhelmingly dominant player on the table equipment side and thus enjoys the ability to negotiate from a position of leadership. We view an upcoming replacement/upgrade cycle, in concert with strong prospects for global gaming expansion, as compelling reasons to own SHFL--a unique, niche story...The only downside is that SHFL does not have participation-linked units that most of the slot manufacturers do, so it is not leveraged to a rebound in play levels.
"Despite its dominant market position, we think it’s still critically important for the company to continue finding products that improve casinos’ profitability and security...Since July of 2008, SHFL has overhauled its executive management team and meaningfully enhanced its financial flexibility (by eliminating a burdensome convertible bond with a new term loan and common stock offering). We now view the company as being totally committed to, and well-positioned to, maximize shareholder value, which likely means reduction of debt with free cash flow."
To see more analyst ratings on SHFL Click Here.
Related Categories
New CoverageStocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
