Sterne Agee CRT Upgrades International Game Tech (IGT) to Neutral

Sterne Agee CRT upgraded International Game Tech (NYSE: IGT) from Underperform to Neutral with a price target of $15.50.

Analyst David Bain commented, "While our concerns for its Game Ops business remain, IGT’s 5.3% dividend yield, EV/EBITDA valuation and 30% share decline in less than 2 months limit downside from current levels, in our view."

For an analyst ratings summary and ratings history on International Game Tech click here. For more ratings news on International Game Tech click here.

Shares of International Game Tech closed at $15.16 yesterday.

You May Also Be Interested In

• Morgan Stanley Upgrades Shopify (SHOP) to Overweight, 'Still Operating Leverage Left to Realize'
• Jefferies Downgrades ULTA Salon (ULTA) to Hold, 'Competition Intensifying & Prestige Refresh Needed'
• JMP Securities Starts The RMR Group Inc. (RMR) at Market Perform, 'Pure-Pay'