Stifel analyst Jeffrey Stantial raised the firm’s price target on Light & Wonder to $83 from $80 and keeps a Hold rating on the shares. The company’s AEBITDA beat consensus, with key upside drivers including: strong table product sales; international slot sales momentum; consistent SciPlay ARPDAU growth; stable margins across all segments, the analyst tells investors. Overall, the firm believes the results reflect core pillars of growth outlined by management
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