Stifel analyst Jeffrey Stantial lowered the firm’s price target on Light & Wonder (LNW) to $84 from $93 and keeps a Hold rating on the shares. The firm’s checks suggest stability across regional gross gaming revenue, lottery sales, and slot shipments, says the analyst, who forecasts a Q1 earnings beat for PlayAGS (AGS), misses for Light & Wonder and Everi Holdings (EVRI), and inline results for International Game (IGT). The firm updated estimates to reflect modest cost inflation and uncertainty-related pullback in replacements, the analyst added in a preview for the leisure gaming tech group.
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Read More on LNW:
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- Light & Wonder price target raised to $130 from $114 at Benchmark
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