Truist lowered the firm’s price target on International Game to $28 from $30 and keeps a Hold rating on the shares. The company’s Q4 results were a “slight beat”, but while its Lottery fundamentals remain attractive, the firm continues to warn that the deal disruptions and potential overhang of the Italian Lotto renewal process will limit upside in the near-term, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IGT:
- INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- DoorDash, Lyft upgraded: Wall Street’s top analyst calls
- International Game downgraded to Hold from Buy at Stifel
- International Game downgraded to Hold from Buy at Truist
- Everi Holdings downgraded to Hold from Buy at Truist