Morgan Joseph reiterates a 'Buy' on Shuffle Master (SHFL); First On the Road with New CEO

Morgan Joseph reiterates a 'Buy' on Shuffle Master (NASDAQ: SHFL), PT $14.

Morgan analyst says, "We recently hosted several investor meetings in New York with new CEO Gavin Isaacs, COO David Lopez, and Director of Investor Relations Julia Boguslawski. Although many in the gaming investment community know of Mr. Isaacs from his days as COO at Bally Technologies (NYSE: BYI)(Buy, $47 PT), this was the first introduction to the Buy Side as the CEO of Shuffle Master. The executives covered a series of topics, but the most frequent questions surrounded Mr. Isaacs' background, online gaming opportunities, potential M&A activity, operational efficiencies, and international opportunities. The addition of Mr. Isaacs to the management team of David Lopez, Lin Fox (CFO), and Roger Snow (EVP) has positioned Shuffle Master well for long-term growth, in our opinion."

For more ratings news on Shuffle Master click here and for the rating history of Shuffle Master click here.

Shares of Shuffle Master closed at $10.87 yesterday.

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