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Brokers Citigroup and Deutsche Bank upgraded SkyCity to buy from hold, after the stock hit a 20-month low following Monday's annual result.
Both brokers said despite net profit falling 18 per cent, SkyCity had good potential for further growth and its recent share price weakness represented a buying opportunity. Shares in SkyCity were up 2 per cent, or 9c, at $4.25 yesterday.
