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Fly News Breaks for September 20, 2017
IGT
Sep 20, 2017 | 06:19 EDT
BofA/Merrill analyst Barry Jonas upgraded International Game to Buy and raised its price target to $30 from $24. The analyst sees upside to second half and 2018 estimates due to a stable and recurring business combined with conservative Street expectations. Further, the analyst expects Mega Million to be a tailwind to 2018 earnings as the lottery minimum moves to $2 from $1 and a change in the rules is implemented towards higher jackpots, more inline with Powerball.
News For IGT From the Last 2 Days
IGT
Apr 16, 2024 | 09:46 EDT
International Game Technology and Acres 4.0, Acres Manufacturing Company, and John Acres, announced that effective April 16, they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced. The resolution was reached in the United States District Court of Nevada, directed to United States patents that pertain to facilitating use of a financial transaction device in a cashless wagering system in a gaming system, and Nevada State Court directed to a breach of contract claims.
