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Fly News Breaks for March 5, 2020
IGT
Mar 5, 2020 | 08:54 EDT
Argus analyst John Staszak downgraded International Game to Hold from Buy after its Q4 results. The analyst notes that the company's solid quarter in the North American Gaming and International segments drove an earnings beat, but revenue was flat in constant currency and 2020 should see top-line growth of less than 2% as International Game continues to face pressure from higher taxes on the gaming products in Italy. Staszak is also cutting his FY20 EPS view on the stock by 10c to $1.30 while setting FY21 EPS target at $1.40.
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