Jefferies analyst David Katz lowered the firm’s price target on International Game (IGT) to $22 from $25 and keeps a Hold rating on the shares. The Q3 report was “solid and in line,” which the firm expects should continue, but it expects that valuation support should be tempered until closer to the separation deal closing and the Italy Lotto contract rebid process makes progress, the analyst tells investors.
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Read More on IGT:
- International Game Technology’s Q3 2024 Earnings Overview
- International Game Technology to Sell Gaming Segment
- IGT Third-Quarter 2024 Results: Focus on Lottery Business
- International Game sees Q4 revenue $640M-$690M, consensus $632.04M
- International Game sees FY24 revenue $2.5B-$2.55B, consensus $2.51B
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