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What happened
Jefferies raised its price target on Games Workshop to 21,850 GBp from 21,000 GBp and kept a Buy rating on the shares. The analyst called the company’s first-half results “outstanding.” The analyst said those results were somewhat overshadowed by news that December core sales were only slightly ahead year-over-year. Jefferies said it remains excited about growth opportunities ahead.
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Key insights
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Jefferies maintained a positive view despite softer December core sales: Jefferies kept a Buy rating and raised its price target even though December core sales were reported as only slightly ahead year-over-year.
Takeaways
Jefferies raised its Games Workshop price target to 21,850 GBp and maintained a Buy rating while pointing to growth opportunities despite modest December core sales growth.