UPDATE: Berenberg Starts Scientific Games (SGMS) at Buy

October 19, 2021 5:55 AM EDT
Get Alerts SGMS Hot Sheet
Price: $58.07 --0%

Rating Summary:
    8 Buy, 7 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 13 | New: 20
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(Updated - October 19, 2021 6:10 AM EDT)

Berenberg analyst Zachary Silverberg initiates coverage on Scientific Games (NASDAQ: SGMS) with a Buy rating and a price target of $98.00.

The analyst comments "Portfolio optimization in highest growth areas following a strategic review in H121 enables the firm to invest in three high-growth, content-focused segments. Following the pending divestiture of the lottery and sportsbook segments, we expect the firm to utilize content, technology, and talent to grow market share in its iGaming and social gaming (SciPlay) segments. We estimate the addressable market across these segments to reach ~$35bn in the U.S. by FY25E."

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 $85.26 yesterday.

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