Deutsche Bank analyst Carlo Santarelli lowered his price target for Scientific Games to $26 saying he does not believe there was much in the Q3 print "for investors to be overly excited about." Scientific Games "modestly outpaced" consensus forecasts, with the narrow beat stemming from an end-of-period sale of units from the participation base, Santarelli tells investors in a research note. He continues to see the company "experiencing core operational headwinds" and believes the current valuation is fair. The analyst reaffirms a Hold rating on Scientific Games.