In a report released yesterday, Carlo Santarelli from Deutsche Bank maintained a Buy rating on International Game Technology (NYSE: IGT), with a price target of $35. The company’s shares closed yesterday at $25.64.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 15.9% and a 74.9% success rate. Santarelli covers the Services sector, focusing on stocks such as Marriott International, Penn National Gaming, and Red Rock Resorts Inc.
International Game Technology has an analyst consensus of Strong Buy, with a price target consensus of $34.33.
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Based on International Game Technology’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $103 million. In comparison, last year the company had a GAAP net loss of $54.79 million.
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International Game Technology Plc engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the following segments: North America Gaming and Interactive; North America Lottery, International, Italy, and Other.
