Light & Wonder initiated with a Buy at Benchmark on resilient growth

As previously reported, Benchmark initiated coverage of Light & Wonder with a Buy rating and $92 price target. The cross-platform global games company creating casino experiences “demonstrates a robust and resilient growth trajectory” characterized by consistent double-digit growth and strategic global expansions, the analyst tells investors. The firm likes key acquisitions like SciPlay and strategic partnerships, such as the collaboration with Netflix (NFLX), the analyst noted.