Stifel analyst Brad Boyer upgraded Scientific Games to Buy from Hold with a price target of $37, up from $30. The analyst says that based on the current momentum building behind each of the company's operating segments, coupled with its recent successful debt refinancing, he has even greater confidence in its ability to meet, or potentially exceed, its 5.5 times 2020 net leverage target. As leverage moves lower, the stock's underlying valuation multiple should expand from current levels, Boyer tells investors in a research note. Further, upside to EBITDA forecasts exists provided Scientific Games is able to successfully execute on one or more of its strategic growth initiatives, adds the analyst.