Light & Wonder price target raised to $94 from $87 at Macquarie

Macquarie raised the firm’s price target on Light & Wonder to $94 from $87 and keeps an Outperform rating on the shares. The company’s Q3 “broad-based beat” was driven by operational strength and delayed costs, the analyst tells investors in a research note. The firm says that over the last year, Light & Wonder has cut its leverage by more than half, allowing it to reinvest for growth and take share,