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Investing.com - Jefferies initiated coverage on Cirsa Enterprises SA (CIRSA:SM) with a Buy rating and set a price target of EUR20.00.
The research firm highlighted Cirsa’s "unique, diverse, 100% regulated gaming platform" as a key driver for its positive outlook on the company.
Jefferies noted Cirsa’s "enviable track record" of 67 consecutive quarters of EBITDA growth, excluding COVID periods, with a fiscal year 2005-2024 EBITDA compound annual growth rate of 13%.
The firm projects high single-digit growth estimates for fiscal years 2025-2027, targeting 8% EBITDA growth during this period.
Jefferies also cited Cirsa’s "long standing management team with M&A execution record" and "scope for growth acceleration from uprated M&A spend" as additional factors supporting its Buy rating.
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