Sidoti & Company Initiates Multimedia Games Coverage

Sidoti & Company initiated coverage on Multimedia Games (NASDAQ: MGAM) with a Buy rating and $9 price target in a research report published today.

In the report, Sidoti & Company states, "Contending that the shares understate MGAM's considerable free cash flow and the stock's likely higher multiple as management diversifies the business mix, we initiate our coverage of Multimedia Games with a BUY rating."

Shares of Multimedia Games were trading at $4.60 at the time of posting, up 1.55% from Friday's market close.