Redburn Atlantic downgraded Light & Wonder to Neutral from Buy with a price target of $110, up from $105. The analyst cites valuation for the downgrade following the stock’s re-rerating. Light & Wonder’s turnaround continues, but machine sales growth will normalize, taking revenue and EBITDA growth with it, the analyst tells investors in a research note.
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- Light & Wonder price target raised to $115 from $100 at Macquarie
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