BUZZ-Australia's PointsBet slightly down after rally; Bell Potter raises target price on Mixi bid
Reuters
Aug 11
BUZZ-Australia's PointsBet slightly down after rally; Bell Potter raises target price on Mixi bid
** Shares of PointsBet PBH.AX are down 0.2% at A$1.2625
** Bookmaker's stock rallied more than 4% in previous week on recommending shareholders to accept Mixi Australia's increased offer price of A$1.25 per co's shares
** Bell Potter raises PT to A$1.25 from A$1.20, matching offer price, given the offer is cash and unconditional; maintains "hold" rating
** 2 other analysts rate PBH as "hold" with shares with price targets of A$1.10 and A$1.20, as per LSEG-compiled data
** YTD, PBH up 26.3%
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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