Stifel Downgrades Intl Game Tech to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jeffrey Stantial downgraded Intl Game Tech (IGT) from Buy to Hold and reduced the price target from $31 to $30.
March 04, 2024 | 10:59 am
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NEGATIVE IMPACT
Stifel downgraded Intl Game Tech (IGT) to Hold from Buy and lowered the price target to $30 from $31.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The reduction in the price target further emphasizes the analyst's lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100