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home / news releases / LNW - Casino stock PlayAGS sees lowered price target at Deutsche amid a mixed bag of upside and downside risks

LNW - Casino stock PlayAGS sees lowered price target at Deutsche amid a mixed bag of upside and downside risks

Light & Wonder Inc.

  • Deutsche Bank lowered PlayAGS ( NYSE: AGS ) price target to $11 from $12 while maintaining its Hold rating; the rating is a part of the bank's target price changes for Gaming Equipment Suppliers including - International Game Technology ( IGT ) and Light & Wonder ( LNW ).
  • IGT target was reduced to $35 from $37 while LNW was slashed to $48 from $53.
  • Analyst indicate upside risks for AGS to be - continuation of stronger than historical slot GGR trends in domestic markets, potential re-acceleration of EGM sales, quicker than expected resolution to the gaming operations headwinds facing the company and a quicker-than-expected turnaround in the Interactive segment.
  • Quick look at latest Q1 2022 financial performance:

For further details see:

Casino stock, PlayAGS sees lowered price target at Deutsche amid a mixed bag of upside and downside risks
Stock Information
Company Name: Light & Wonder Inc.
Stock Symbol: LNW
Market: NASDAQ
Website: scientificgames.com
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