Light & Wonder price target lowered to $93 from $104 at Stifel

Stifel lowered the firm’s price target on Light & Wonder to $93 from $104 and keeps a Hold rating on the shares after the company held a call to update on Dragon Train litigation. The update addressed three additional complaints in Aristocrat’s second amended complaint, notes the analyst, who remains cautious for now given relatively high direct and indirect tariff risk coupled with uncertainty around litigation and challenging comparisons.

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