Truist analyst Matthew Thornton downgraded SciPlay to Hold from Buy with an unchanged price target of $15. Thornton views Q4 consensus as a slightly high hurdle as it implies the company expanding EBITDA margin by well over 800bps q/q to a new record high outside of the 2Q20 peak pandemic, on lower brand advertising and UA spend, and seasonally higher revenue, the analyst tells investors in a research note. The analyst thinks SciPlay is executing well and is positive on recent board and CFO developments, Thornton adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SCPL:
- SciPlay maintains 2022 revenue growth, adjusted EBITDA margin targets
- SciPlay reports Q3 EPS 20c, consensus 21c
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue