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For Info 13/10/05 0939
Lehman Bros has begun coverage on online poker giant PRTY with "overweight" advice and a 100p price target. The broker said it was retaining its cautious view on the industry as a whole but said the sell off in PRTY has been overdone.
Lehman has retained its conservative growth estimates on PRTY though forecasting revenue growth of 12% for 2006, to 9% in 2007, 6% in 2008 and just 4% from 2009 onwards.
Not my type of share but all info helps.
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