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SGMS

Scientific Games

$23.49

0.745 (3.28%)

, IGT

International Game

$14.11

0.34 (2.47%)

13:34
10/22/19
10/22
13:34
10/22/19
13:34

Brazil win potentially meaningful for Scientific Games and IGT, says SunTrust

The Brazilian government recently announced that a 50-50 joint venture consortium led by Scientific Games (SGMS) and International Game Technology (IGT) has won the tender to run Lotex, the Brazilian instant lottery scratch card business, SunTrust analyst Barry Jonas tells investors in a research note. The analyst sees the win as a "potentially meaningful long-term opportunity" for both companies, pointing out that Scientific Games management noted it could eventually be among the company's largest contracts. He believes Scientific Games' current largest contract, the Italian Lottery, contributes ~$60M in adjusted EBITDA. While a solid long-term opportunity, it will likely take some time for Brazil to ramp, at least two-to-three years, says Jonas. The analyst has a Buy rating on both Scientific Games and International Game Technology.

SGMS

Scientific Games

$23.49

0.745 (3.28%)

IGT

International Game

$14.11

0.34 (2.47%)

SGMS Scientific Games
$23.49

0.745 (3.28%)

11/16/18
JEFF
11/16/18
DOWNGRADE
Target $22
JEFF
Hold
Scientific Games downgraded to Hold from Buy at Jefferies
Jefferies analyst David Katz downgraded Scientific Games to Hold and cut his price target for the shares to $22 from $46. The changes at the company, some of which are of its own doing and some not, have "compiled to exacerbate the market-driven pressure on the shares," Katz tells investors in a research note. Scientific Games changed CEOs, lost a lawsuit which it expects to appeal, lost a significant systems contract and the high yield market has tightened on higher interest rates, which could mitigate the opportunity to refinance its 10% debt, says the analyst. He believes the pressure from these events is not likely to reverse in the near term. Overhangs, uncertainties and leverage "warrant a more conservative stance," says Katz.
12/14/18
JEFF
12/14/18
NO CHANGE
Target $22
JEFF
Hold
Jefferies sees 'mixed reaction' to Scientific Games shares from settlement
Scientific Games' $151.5M settlement of litigation with Shuffle Tech removes an overhang that has weighed on the stock over the past four months, albeit at the cost of the company's near term financial position and free cash flow generation, Jefferies analyst David Katz tells investors in a research note. Overall, the settlement provides clarity from a range of outcomes, which included the potential for no cash payment, says the analyst. As such. Katz expects a "mixed reaction" in the stock and keeps a Hold rating on Scientific Games with a $22 price target.
03/20/19
FBCO
03/20/19
INITIATION
Target $21
FBCO
Underperform
Scientific Games assumed with an Underperform at Credit Suisse
Credit Suisse analyst Ben Combes assumed coverage of Scientific Games with an Underperform rating and $21 price target.
05/08/19
DBAB
05/08/19
NO CHANGE
Target $22
DBAB
Hold
Scientific Games price target lowered to $22 from $26 at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli lowered his price target for Scientific Games to $22 from $26 saying that while the headline Q1 numbers were in-line, the company's performance was mixed, and broadly boosted by some lottery hardware sales in the period, which masked softness in other segments. The analyst keeps a Hold rating on the shares.
IGT International Game
$14.11

0.34 (2.47%)

01/09/19
RHCO
01/09/19
UPGRADE
RHCO
Buy
International Game upgraded to Buy from Hold at SunTrust
03/07/19
FBCO
03/07/19
NO CHANGE
FBCO
International Game selloff seems 'overdone,' says Credit Suisse
Credit Suisse analyst Cameron McKnight maintained a Neutral rating and defended the stock after today's selloff, saying while results were "a little soft," they were "no worse than feared." The company also gave guidance slightly below consensus, but it included "$100M of headwinds that were well telegraphed." McKnight said the bottom line is that the stock is now cheap, and longer term the company is "capable of delivering $1.85/share in dividends - which implies a 12% future, potential dividend yield at $15.50/share."
03/12/19
ARGS
03/12/19
NO CHANGE
Target $18
ARGS
Buy
International Game selloff offers 'buying opportunity', says Argus
Argus analyst John Staszak lowered his price target on International Game to $18 from $20 to reflect its "disappointing" Q4 earnings and volatile equipment revenue. The analyst is keeping his Buy rating however, noting that the recent sell-off in the company's stock price represents a buying opportunity given its overall trend of solid free cash flows and efforts to reduce debt, along with the company's steadily growing lottery business and the recent legalization of U.S. sports betting. Staszak adds that casinos "have been slow to upgrade their equipment in recent years" and expects positive impact from the anticipated revitalization of "franchises like Wheel of Fortune".
03/20/19
FBCO
03/20/19
INITIATION
Target $19
FBCO
Neutral
International Game assumed with a Neutral at Credit Suisse
Credit Suisse analyst Ben Combes assumed coverage of International Game with a Neutral rating and $19 price target.

TODAY'S FREE FLY STORIES

LGF.A

Lionsgate

$9.48

-0.07 (-0.73%)

, LGF

Use LGF.A, LGF.B

$0.00

(0.00%)

13:55
11/19/19
11/19
13:55
11/19/19
13:55
Recommendations
Lionsgate, Use LGF.A, LGF.B, Lionsgate analyst commentary  »

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Lionsgate

$9.48

-0.07 (-0.73%)

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Use LGF.A, LGF.B

$0.00

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LGF.B

Lionsgate

$8.94

-0.05 (-0.56%)

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13:55
11/19/19
11/19
13:55
11/19/19
13:55
Conference/Events
Senate Finance Committee to hold a hearing »

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AYX

Alteryx

$103.45

4.94 (5.01%)

13:45
11/19/19
11/19
13:45
11/19/19
13:45
Options
Alteryx call volume above normal and directionally bullish »

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  • 09

    Dec

NXPI

NXP Semiconductors

$114.81

-1.13 (-0.97%)

, QCOM

Qualcomm

$87.43

-3.04 (-3.36%)

13:30
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11/19/19
13:30
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NXPI

NXP Semiconductors

$114.81

-1.13 (-0.97%)

QCOM

Qualcomm

$87.43

-3.04 (-3.36%)

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  • 19

    Nov

  • 20

    Nov

13:30
11/19/19
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13:30
11/19/19
13:30
General news
Treasury Action: yields have continued to richen in cautious trading »

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BA

Boeing

$367.75

-1.75 (-0.47%)

13:26
11/19/19
11/19
13:26
11/19/19
13:26
Periodicals
Boeing says following NTSB recommendation, redesigning engine cover on 737 NG »

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ARQL

ArQule

$8.35

0.77 (10.16%)

13:25
11/19/19
11/19
13:25
11/19/19
13:25
Options
ArQule call volume above normal and directionally bullish »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
11/19/19
11/19
13:17
11/19/19
13:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
11/19/19
11/19
13:16
11/19/19
13:16
Technical Analysis
NYSE market internals summary »

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MUR

Murphy Oil

$23.43

-0.29 (-1.22%)

13:15
11/19/19
11/19
13:15
11/19/19
13:15
Options
Murphy Oil put volume heavy and directionally bearish »

Bearish flow noted in…

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ABMD

Abiomed

$182.47

4.45 (2.50%)

13:14
11/19/19
11/19
13:14
11/19/19
13:14
Hot Stocks
Abiomed says AHA analysis of Impella 'flawed' »

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TGT

Target

$110.46

-0.13 (-0.12%)

, LOW

Lowe's

$113.37

-1.66 (-1.44%)

13:14
11/19/19
11/19
13:14
11/19/19
13:14
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

TGT

Target

$110.46

-0.13 (-0.12%)

LOW

Lowe's

$113.37

-1.66 (-1.44%)

NTES

NetEase

$287.03

-3.07 (-1.06%)

CPRT

Copart

$86.50

0.49 (0.57%)

LB

L Brands

$17.21

-0.65 (-3.64%)

03/08/13
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  • 20

    Nov

  • 20

    Nov

  • 20

    Nov

  • 21

    Nov

  • 21

    Nov

  • 05

    Dec

  • 06

    Dec

URBN

Urban Outfitters

$29.13

-1.03 (-3.42%)

, ALC

Alcon

$58.96

0.07 (0.12%)

13:14
11/19/19
11/19
13:14
11/19/19
13:14
Earnings
Notable companies reporting after market close »

Notable companies…

URBN

Urban Outfitters

$29.13

-1.03 (-3.42%)

ALC

Alcon

$58.96

0.07 (0.12%)

03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

  • 20

    Nov

  • 02

    Dec

  • 05

    Dec

GOOG

Alphabet

$1,318.29

-0.16 (-0.01%)

, GOOGL

Alphabet Class A

$1,316.50

-3.67 (-0.28%)

13:09
11/19/19
11/19
13:09
11/19/19
13:09
Hot Stocks
Google introduces Your News Update »

Google said in a blog…

GOOG

Alphabet

$1,318.29

-0.16 (-0.01%)

GOOGL

Alphabet Class A

$1,316.50

-3.67 (-0.28%)

03/08/13
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CANN

General Cannabis

$0.00

(0.00%)

13:06
11/19/19
11/19
13:06
11/19/19
13:06
Hot Stocks
General Cannabis to sell Greenhouse Office building for approx. $1.7M »

General Cannabis Corp.…

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MGM

MGM Resorts

$31.90

0.38 (1.21%)

13:05
11/19/19
11/19
13:05
11/19/19
13:05
Options
MGM Resorts call volume above normal and directionally bullish »

Bullish option flow…

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CMI

Cummins

$183.46

-0.13 (-0.07%)

, TSLA

Tesla

$358.76

8.77 (2.51%)

13:01
11/19/19
11/19
13:01
11/19/19
13:01
Hot Stocks
Electric truck firm Nikola to unveil 'game-changing' battery cell technology »

Nikola Motor, which…

CMI

Cummins

$183.46

-0.13 (-0.07%)

TSLA

Tesla

$358.76

8.77 (2.51%)

NAV

Navistar

$32.22

-0.3 (-0.92%)

GM

General Motors

$36.60

-0.02 (-0.05%)

PCAR

Paccar

$79.50

-0.48 (-0.60%)

03/08/13
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CRSP

Crispr Therapeutics

$67.82

9.3 (15.89%)

12:57
11/19/19
11/19
12:57
11/19/19
12:57
Recommendations
Crispr Therapeutics analyst commentary  »

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  • 19

    Nov

  • 07

    Dec

EPD

Enterprise Products

$25.24

-0.54 (-2.09%)

12:55
11/19/19
11/19
12:55
11/19/19
12:55
Options
Enterprise Products put volume heavy and directionally bearish »

Bearish flow noted in…

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MO

Altria Group

$47.25

-1.09 (-2.25%)

12:47
11/19/19
11/19
12:47
11/19/19
12:47
Recommendations
Altria Group analyst commentary  »

Altria slide on Juul…

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  • 30

    Jan

MRK

Merck

$84.13

0.01 (0.01%)

12:44
11/19/19
11/19
12:44
11/19/19
12:44
Hot Stocks
Merck boosts quarterly dividend to 61c from 55c »

Merck announced that its…

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  • 07

    Dec

  • 10

    Dec

  • 24

    Jan

  • 24

    Jan

  • 05

    Feb

  • 14

    Mar

FNV

Franco-Nevada

$99.27

0.25 (0.25%)

12:40
11/19/19
11/19
12:40
11/19/19
12:40
Options
Put spread in Franco Nevada rolls position to higher delta »

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IBCP

Independent Bank

$22.47

0.09 (0.40%)

12:39
11/19/19
11/19
12:39
11/19/19
12:39
Hot Stocks
Independent Bank CFO Robert Shuster sells over $185K in company shares »

Independent Bank CFO…

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  • 23

    Jan

NFLX

Netflix

$302.89

0.22 (0.07%)

, DIS

Disney

$148.62

0.97 (0.66%)

12:37
11/19/19
11/19
12:37
11/19/19
12:37
Periodicals
Survey finds Netflix cancelers blame price hikes, content for leaving, blog says »

Helen Back wrote in the…

NFLX

Netflix

$302.89

0.22 (0.07%)

DIS

Disney

$148.62

0.97 (0.66%)

AAPL

Apple

$266.45

-0.58 (-0.22%)

CMCSA

Comcast

$44.69

0.08 (0.18%)

03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

  • 09

    Dec

  • 10

    Dec

AUPH

Aurinia Pharmaceuticals

$5.92

0.17 (2.96%)

12:25
11/19/19
11/19
12:25
11/19/19
12:25
Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

Bullish option flow…

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