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Fly News Breaks for March 24, 2017
IGT
Mar 24, 2017 | 07:41 EDT
Argus analyst John Staszak downgraded International Game to Hold due to management's recently projected projected 2017 EBITDA of flat to down 2%, to $1.68-$1.76B, below the prereporting consensus of $1.78B. The analyst said the company faces difficult Q1 comps and expects few casinos to open in the US in 2017, leading to flat spending on gaming equipment.
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