Truist analyst Barry Jonas downgraded International Game (IGT) to Hold from Buy with a price target of $30, down from $32. While the firm is positive on the longer term merger opportunity, it thinks near-term execution risks are real and investors will have to wait almost a year for the deal to even close. The firm is downgrading both International Game and Everi Holdings (EVRI) to Hold as it thinks shares will likely be range bound in the near-term.
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