Deutsche Bank Keeps a Buy Rating on International Game Technology (IGT)
Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on International Game Technology (IGT) yesterday and set a price target of $21.00. The company’s shares closed last Monday at $15.32.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 10.2% and a 67.5% success rate. Santarelli covers the Services sector, focusing on stocks such as Hilton Worldwide Holdings, Marriott International, and Penn National Gaming.
Currently, the analyst consensus on International Game Technology is a Moderate Buy with an average price target of $19.00, implying a 21.7% upside from current levels. In a report issued on November 12, SunTrust Robinson also maintained a Buy rating on the stock with a $17.00 price target.
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Based on International Game Technology’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $104 million. In comparison, last year the company had a net profit of $22.3 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.