Shares of Global Cash Access Holdings Inc. climbed last week after Tien-tsin Huang, an analyst at JPMorgan Chase & Co., praised the Las Vegas provider of cash machines for casinos.
Tien-tsin Huang wrote in a note published last week that the company has "outperformed the broader gaming space in past recessions," and that two recent acquisitions will boost revenue and could help it increase its margins.
Global Cash acquired Cash Systems Inc. last month and Certegy Gaming Services in April. The three companies "often competed aggressively price" in the past, Mr. Huang wrote, but "GCA appears to be adopting a more disciplined approach to pricing following" the purchases.
Shares of Global Cash rose 2.9% Wednesday, the day the note was published. By midmorning Friday they had fallen 0.17% from Thursday's close, to $5.97.