Française des Jeux (FDJ) is in the green with a gain of nearly 1%, helped by comments from Stifel, which initiates coverage with a 'buy' recommendation and a price target of €38 on the gaming group's shares.

The broker points to "a business model that is unique in the French equity market, with long-term visibility", and believes that "the share's underperformance offers a positive risk/return profile", as well as an "attractive entry point".

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