Stifel analyst Jeffrey Stantial raised the firm’s price target on Light & Wonder to $103 from $97 and keeps a Hold rating on the shares after correcting the firm’s previously published model. Barring a meaningful pullback in the gaming consumer and/or replacement cycle, L&W’s $1.4B AEBITDA target for 2025 “appears highly achievable,” the analyst tells investors.
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Read More on LNW:
- 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
- Light & Wonder price target raised to $115 from $100 at Macquarie
- Light & Wonder price target raised to $125 from $105 at Craig-Hallum