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Fly News Breaks for January 26, 2017
SGMS
Jan 26, 2017 | 06:41 EDT
BofA/Merrill Barry Jonas upgraded Scientific Games two notches to Buy from Underperform and raised its price target to $20 from $9. The analyst said catalysts from earnings beats driven by costs, a potential doubling in free cash flow, and possible balance sheet restructuring near-term should offset concerns over high leverage. Jonas said any slight improvements in fundamentals or sentiment could drive outsized equity returns.
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