Deutsche Bank yesterday resumed coverage of Brightstar Lottery with a Buy rating and $15 price target, representing 44% total return from current levels. The firm says Brightstar is a global \"pure-play\" lottery company. It sees a \"differentiated, underappreciated\" opportunity for long term, value oriented investors. Brightstar has multiple catalysts to drive both earnings growth and multiple expansion, including a low beta cash flow stream, upside from iLottery adoption and legalization, and a return of capital profile, contends Deutsche.
