PDM raises Ultimate Games target price to PLN 15.5

Polski Dom Maklerski (PDM) rose target price for Ultimate Games to PLN 15.5 from PLN 12.9 and reiterated “buy” rating. The upgrade followed the establishment of UF Games jointly with Forever Entertainment and a significant number of new publishing contracts. The brokerage also upgraded 2018 forecast for the company to PLN 3.5 million revenue and…

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