Mizuho analyst Ben Chaiken raised the firm’s price target on Light & Wonder to $80 from $76 and keeps an Underperform rating on the shares following the Q4 report. The firm views quarter as an “underwhelming beat,” with outperformance driven by Systems and Tables, both of which feel timing-related, as well as better SciPlay margins, with gaming operations and sales below expectations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNW:
- Buy Rating Affirmed for Light & Wonder Amid Strong Performance and Strategic Growth Initiatives
- Light & Wonder price target raised to $110 from $103 at JPMorgan
- Light & Wonder Reports Strong 2024 Financial Results
- Light & Wonder reports Q4 adjusted EPS $1.42, consensus 95c
- Is LNW a Buy, Before Earnings?