In the good books
AINSWORTH GAME TECHNOLOGY (AGI) was upgraded to Neutral from Underperform by Macquarie
Macquarie believes challenges in game performance will continue to affect the growth trajectory. Increased investment in game development is a positive but a recovery in earnings remains a challenge. FY20 guidance implies Ainsworth Game could report the worst financial result in the last 10 years, with Macquarie forecasting $2m adjusted pre-tax profit. The broker upgrades to Neutral from Underperform as valuation support has emerged. Target is raised to $0.80 from $0.55.