Anticipating IGT's Potential Separation: Analyst Foresees Higher Valuation For Lottery Segment
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst Joseph Stauff reiterated a positive rating on International Game Technology (NYSE:IGT), raising the price target to $54 from $49. The company recently released Q2 results, with revenue and operating income margin meeting the high end of the outlook range. The analyst anticipates a potential separation of IGT, which could unlock a higher valuation for its lottery segment. IGT shares are currently trading lower by 2.8% to $32.17.
August 04, 2023 | 12:02 pm
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Analyst raises price target for IGT, anticipating a potential separation that could increase the valuation of its lottery segment. IGT shares are currently trading lower.
The analyst's positive rating and increased price target suggest a bullish outlook for IGT. The potential separation could unlock a higher valuation for its lottery segment, which could positively impact the stock price. However, the shares are currently trading lower, indicating some market skepticism or other influencing factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100