Light & Wonder shares are trading higher after the company reported better-than-expected Q3 revenue results. Also, Truist Securities maintained a Buy rating on the stock and raised its price target from $86 to $88.
Portfolio Pulse from Benzinga Newsdesk
Light & Wonder's stock (LNW) is up following Q3 revenue results that exceeded expectations. Truist Securities reaffirmed a Buy rating and increased the price target from $86 to $88.
November 10, 2023 | 3:49 pm
News sentiment analysis
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POSITIVE IMPACT
Light & Wonder reported Q3 revenues that surpassed expectations, leading to a positive market reaction. Truist Securities has maintained a Buy rating and raised the price target to $88.
The positive earnings report typically leads to increased investor confidence and can drive the stock price up in the short term. The raised price target by Truist Securities further supports the bullish sentiment, suggesting a higher valuation for LNW.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100