Jefferies Thinks Light & Wonder’s Stock is Going to Recover

In a report released yesterday, David Katz from Jefferies maintained a Buy rating on Light & Wonder (LNWResearch Report), with a price target of $96.00. The company’s shares closed last Friday at $46.48, close to its 52-week low of $45.00.

According to, Katz is a 4-star analyst with an average return of 4.1% and a 38.5% success rate. Katz covers the Services sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Madison Square Garden Entertainment, and International Game Technology.

Light & Wonder has an analyst consensus of Hold, with a price target consensus of $66.00.

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Light & Wonder’s market cap is currently $4.5B and has a P/E ratio of 11.30.

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Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services. The Lottery segment comprises of system-based services and product sales business, and instant games business. The SciPlay segment developes and publishes digital games on mobile and web platforms. The Digital Segment provides a comprehensive suite of digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.

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