SCPL - Light & Wonder's Expansion Into Adjacent Markets To Propel Growth Amid SciPlay Acquisition: Analyst Raises Price Target | Benzinga

Truist Securities analyst Barry Jonas reiterated a Buy rating on Light & Wonder, Inc. (NASDAQ: LNW), raising the price target to $86 from $78.

Following a robust Q2 beat (AEBITDA +14%), Jonas sees continuing momentum across LNW's businesses ahead of the SciPlay Corporation's (NASDAQ: SCPL) expected deal close in early Q4. 

LNW submitted a proposal in May to acquire the 17% of SciPlay that it did not own for ~$500 million.

Management believes the transaction will clean up the company's story, leading to aFull story available on Benzinga.com