Light & Wonder price target raised to $115 from $100 at Macquarie

Macquarie raised the firm’s price target on Light & Wonder to $115 from $100 and keeps an Outperform rating on the shares as the firm raise its FY24 and FY25 EBITDA estimates to reflect current trends. The firm has also initiated coverage of Light & Wonder shares listed in Australia with an Outperform rating and A$176 price target.