Truist Securities Downgrades Intl Game Tech to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas downgraded Intl Game Tech (IGT) from Buy to Hold and reduced the price target from $32 to $30.
March 01, 2024 | 12:51 pm
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Truist Securities downgraded Intl Game Tech (IGT) from Buy to Hold and lowered the price target from $32 to $30.
The downgrade from Buy to Hold by a prominent analyst, along with a reduction in the price target, typically signals a less optimistic outlook on the stock's short-term performance. This could lead to decreased investor confidence and potentially a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100