Morgan Stanley Downgrade William Hill Stock (update)

Follows company's profit warning last week

Morgan Stanley analysts have downgraded William Hill plc following a profit warning issued by the company last week.
William Hill said two factors had negatively affected its forecast, namely: an acceleration in the number of time-outs and automatic self-exclusions over recent weeks which are impacting the level of actives across the Online business; and gross win margins for Online having been affected by European football results and the worst Cheltenham results in recent history.
Morgan Stanley downgraded the stock from equalweight to underweight with the target price cut to GBP2.90 from GBP4.25.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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