As previously reported, Wedbush analyst Michael Pachter downgraded SciPlay (SCPL) to Neutral from Outperform with a $23 price target. The firm notes thatLight & Wonder (LNW) and the company have entered into a definitive agreement whereby the former will acquire the remaining equity interest in SciPlay not already owned by it for $22.95 per share. Wedbush also highlights that SciPlay’s top and bottom-line results continue to outperform Street estimates.
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Read More on SCPL:
- SciPlay downgraded to Neutral from Outperform at Wedbush
- SciPlay downgraded to Neutral from Buy at DA Davidson
- Light & Wonder to acquire remaining public shares of SciPlay
- SciPlay Corp trading resumes
- SciPlay reports Q2 EPS 25c, consensus 25c
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