International Game Technology (IGT) Gets a Buy Rating from Deutsche Bank


Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on International Game Technology (IGT) on May 20 and set a price target of $20. The company’s shares closed yesterday at $13.94, close to its 52-week low of $12.65.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.5% and a 60.6% 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 $21.

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Based on International Game Technology’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $102 million. In comparison, last year the company had a GAAP net loss of $103 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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