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Fly News Breaks for January 6, 2020
SCPL
Jan 6, 2020 | 16:19 EDT
SunTrust analyst Matthew Thornton initiated coverage of SciPlay (SCPL) with a Hold rating and $13 price target. While the company, which was recently spun-out of parent Scientific Games (SGMS), provides a near pure-play exposure to the large and growing mobile gaming market, he views consensus expectations as appropriate and thinks the fact that the parent has voting control and its higher game concentration warrant a valuation discount.
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