Stifel lowered the firm’s price target on International Game (IGT) to $20 from $22 and keeps a Buy rating on the shares after IGT held a conference call to discuss the Lotto tender win announced yesterday. The firm came away from IGT’s call “somewhat confused” on iLottery economics/uplift while expansion into OSB/iCasino carries separate execution risk, says the analyst, who adds that return targets “appear optimistic” based on the firm’s revised framework.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IGT:
- IGT Secures Italy Lotto License, Plans Digital Expansion
- International Game downgraded to Hold from Buy at Argus
- IGT Consortium Proposed for Italy Lotto License Award
- International Game consortium to be proposed Italy Lotto License
- International Game Technology PLC Concludes 2025 AGM with Key Resolutions Adopted