International Game Technology shares are trading lower after Stifel downgraded the stock from Buy to Hold and lowered its price target from $31 to $30.
Portfolio Pulse from Benzinga Newsdesk
International Game Technology (IGT) shares dropped following a downgrade by Stifel from Buy to Hold, with a price target reduction from $31 to $30.
March 04, 2024 | 4:28 pm
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NEGATIVE IMPACT
IGT's stock price is likely to experience short-term pressure due to the downgrade by Stifel from Buy to Hold and a lower price target.
Analyst ratings, especially downgrades, can significantly influence investor sentiment and stock prices in the short term. The reduction in the price target from $31 to $30 by Stifel suggests a tempered outlook for IGT, likely leading to decreased investor confidence and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100