International Game Technology (IGT) Receives a Buy from Jefferies


In a report released today, David Katz from Jefferies maintained a Buy rating on International Game Technology (NYSE: IGT), with a price target of $30. The company’s shares opened today at $18.60.

According to TipRanks.com, Katz is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.5% and a 12.2% success rate. Katz covers the Services sector, focusing on stocks such as Marriott International, Golden Entertainment, and Churchill Downs Inc.

International Game Technology has an analyst consensus of Moderate Buy, with a price target consensus of $25.

See today’s analyst top recommended stocks >>

Based on International Game Technology’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $161 million. In comparison, last year the company had a GAAP net loss of $804 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts