SciPlay price target raised to $20 from $18 at Truist

Truist analyst Matthew Thornton raised the firm’s price target on SciPlay (SCPL) to $20 from $18 and keeps a Hold rating on the shares. Mobile app data suggests the company’s revenue momentum continued, driven by its three largest titles, through Q2, the analyst tells investors in a research note. The firm raised estimates and now models Q2 above consensus estimates. It maintains a Hold rating on majority owner Light & Wonder’s (LNW) $20 per share cash offer.