Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Merrill Reiterates Buy on GTECH

Merrill Lynch reiterated a buy recommendation on GTECH Holdings (GTK).

Analyst David Anders believes the deal to acquire Atronic (global supplier of gaming devices) will position GTECH to benefit from the convergence of gaming and the lottery. He notes management did what they said they would last November at their analyst meeting, which was to become a significant player in the gaming device market, most likely through acquisitions.

By concentrating on the gaming device market outside the U.S., Anders thinks GTECH can grow and expand its device divisions before aggressively moving into the U.S. to compete with International Gaming Technology in the casino environment.

Anders sees $1.53 fiscal 2005 (ending February) earnings per share and $1.58 fiscal 2006. He has a $30 price target.

blog comments powered by Disqus