International Game Technology Gets a Buy Rating from Jefferies


In a report released today, David Katz from Jefferies reiterated a Buy rating on International Game Technology (NYSE: IGT), with a price target of $35. The company’s shares opened today at $24.91.

According to TipRanks.com, Katz is a 3-star analyst with an average return of 6.8% and a 40.0% success rate. Katz covers the Services sector, focusing on stocks such as Monarch Casino & Resort Inc, Wyndham Destinations Inc, and Extended Stay America.

Currently, the analyst consensus on International Game Technology is a Moderate Buy with an average price target of $35, a 40.5% upside from current levels. In a report issued on July 17, Deutsche Bank also reiterated a Buy rating on the stock with a $35 price target.

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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 $290 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.

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