Brean Murray Carret & Co. Downgrades Scientific Games (SGMS) to Hold; Too Early to Determine Impact of Internet Wagering

Brean Murray Carret & Co. downgraded Scientific Games (NASDAQ: SGMS) to Hold.

Brean analyst says, "Although SGMS has improved its operations and has solid growth potential, the recent increase in the shares (+46%) since the DOJ opinion regarding intrastate internet wagering (released 12/26/11) has driven the stock to our price target and, in our view, limited the upside in the shares over the next 12 months."

For an analyst ratings summary and ratings history on Scientific Games click here. For more ratings news on Scientific Games click here.

Shares of Scientific Games closed at $12.03 yesterday, with a 52 week range of $6.50-$12.06.

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