Credit Suisse Downgrades International Game Tech (IGT) to Underperform

Credit Suisse downgraded International Game Tech (NYSE: IGT) from Neutral to Underperform with a price target of $16. In the view of analyst Joel Simkins, steady growth at its interactive division can't overcome weakness in its equipment business. Additionally, Simkins said slot managers noted discounted pricing, mixed performance on games, competitor inroads, and weak revenue trends.

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 $20.17 yesterday.

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