Berenberg announced on Wednesday that it had raised its recommendation on Focus Entertainment shares from 'hold' to 'buy', with a target price raised from €50 to €65.

In a note dedicated to the video game sector, the analyst believes that the French publisher could be one of the few players - along with Keywords Studios, Team17 and tinyBuild - to hold its own in a 'difficult' market, where profit warnings are tending to multiply.

Conversely, Focus succeeded in exceeding analysts' expectations for its third quarter and raised its 2023 forecasts, a positive trend which the intermediary expects to continue in 2024.

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