DA Davidson analyst Franco Granda downgraded SciPlay (SCPL) to Neutral from Buy with an unchanged price target of $23 after the company reached an agreement with Light and Wonder (LNW) to be acquired for $22.95 per share in an all-cash transaction. The firm sees no roadblocks for the deal closing.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SCPL:
- Light & Wonder to acquire remaining public shares of SciPlay
- SciPlay Corp trading resumes
- SciPlay reports Q2 EPS 25c, consensus 25c
- SciPlay Corp trading halted, news pending
- Light & Wonder price target raised to $81 from $70 at Susquehanna
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue