Mizuho initiated coverage of Light & Wonder with an Underperform rating and $83 price target. The shares are a consensus buy with a strong management team but lacks catalysts compared to peers, the analyst tells investors in a research note. The firm says that while Light & Wonder’s results have outperformed, it questions the next phase of growth for a stock with premium valuation. It believes the company has limited remaining strategic alternatives and catalysts.
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Read More on LNW:
- Light & Wonder management to meet with Truist
- Light & Wonder price target raised to $103 from $97 at Stifel
- Light & Wonder downgraded to Neutral from Buy at Redburn Atlantic
- Light & Wonder Shares Update with Australian Exchange
- A New Cause for Concern: Light & Wonder Inc. Adds a New Share Price & Shareholder Rights Risk
