Truist analyst Matthew Thornton raised the firm’s price target on SciPlay (SCPL) to $20 from $18 and keeps a Hold rating on the shares. Mobile app data suggests the company’s revenue momentum continued, driven by its three largest titles, through Q2, the analyst tells investors in a research note. The firm raised estimates and now models Q2 above consensus estimates. It maintains a Hold rating on majority owner Light & Wonder’s (LNW) $20 per share cash offer.
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Read More on SCPL:
- SciPlay Forms Special Committee to Evaluate Non-Binding Acquisition Proposal from Light & Wonder
- SciPlay Skyrockets on Light & Wonder’s All Cash Offer
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