Loading...
Loading...
In a note out today, Morgan Stanley reiterated an overweight rating and $21 price target on International Game Technology
IGT, implying decent upside from where the shares currently trade. Morgan Stanley said a bull case for International Game Technology sees the shares at $25 and the bear case sees the stock at $13.
“We continue to expect IGT to lead the general recovery in the supplier industry due to its industry-leading variable exposure to Game Ops (65% of its EBITDA). Improving ship share and a favorable skew toward new-market openings drive a compelling LT risk-reward, in our view. Our PT remains $21, and our Bull-Bear scenario skews 2:1 toward our Bull Case (50% upside / 25% downside),” Morgan Stanley said in the note.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorNewsPrice TargetReiterationIntraday UpdateMarketsAnalyst RatingsTrading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in