Stephens Starts Allied Esports Entertainment (AESE) at Overweight
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Stephens analyst Jeff Cohen initiates coverage on Allied Esports Entertainment (NASDAQ: AESE) with an Overweight rating and a price target of $5.00.
The analyst commented, "Allied Esports is well positioned to capitalize on the rapidly growing demand for in-person esports content with their iconic HyperX Arena on the Las Vegas strip, complemented by mobile arenas that serve to test new markets and expand the AESE ecosystem."
Shares of Allied Esports Entertainment closed at $2.81 yesterday.
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