0947 GMT [Dow Jones] Collins Stewart raises PartyGaming (PRTY.LN) price target to 350p from 265p, following its proposed merger with bwin (BWIN.VI). Says the fit with bwin looks particularly strong, and the group would have an even balance between poker, casino, sports and a good spread of country risk. Says, "clearly, there is execution risk on the merger...but the option value on an opening of the US online market has increased, while there could be strong technical demand for what would be a FTSE 100 entrant." Keeps PartyGaming at buy. Shares are -4.1% at 297p. (andrea.tryphonides@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 30, 2010 05:47 ET (09:47 GMT)