Truist lowered the firm’s price target on International Game (IGT) to $26 from $28 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 earnings in Gaming. The group has underperformed a resilient S&P year-to-date, but consumer discretionary spend – especially on casino floors – remains sturdy in the face of continued macro uncertainty, the analyst tells investors in a research note. International Game’s stock price is likely to remain rangebound however as the company seeks Everi Holdings (EVRI) M&A approval, the firm added.
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