Scientific Games (SGMS) PT Raised to $90 at Truist Securities Citing Strategic Review, the Sale of its Betting Business
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Scientific Games (SGMS) PT Raised to $92 at Craig-Hallum
June 30, 2021 8:52 AM EDTCraig-Hallum analyst Ryan Sigdahl raised the price target on Scientific Games (NASDAQ: SGMS) to $92.00 (from $70.00) while maintaining a Buy rating.
The analyst commented, "e continue to like the risk/reward in SGMS given its announced plans to divest its Lotteryand Sportsbusinesses which should result in a meaningful deleveraging(we estimate... More
UPDATE: Scientific Games (SGMS) PT Raised to $95 at Jefferies Citing Value Unlocked Post-Divestiture
June 30, 2021 5:49 AM EDT(Updated - June 30, 2021 7:54 AM EDT)
Jefferies analyst David Katz raised the price target on Scientific Games (NASDAQ: SGMS) to $95.00 (from $62.00) while maintaining a Buy rating, citing further upside from value unlocked post-divestiture.
The analyst notes: "With the announcement of ongoing... More
Scientific Games (SGMS) PT Raised to $86 at Stifel
June 29, 2021 5:47 PM EDTStifel analyst Jeffrey Stantial raised the price target on Scientific Games (NASDAQ: SGMS) to $86.00 (from $66.00) while maintaining a Buy rating.
The analyst commented, "This morning, SGMS announced the long-awaited outcome of their strategic review. Management plans to divest their lottery and sports betting... More
Scientific Games (SGMS) PT Raised to $90 at Truist Securities, Following Strategic Business Update
June 29, 2021 2:01 PM EDTTruist Securities analyst Barry Jonas raised the price target on Scientific Games (NASDAQ: SGMS) to $90.00 (from $68.00) while maintaining a Buy rating.
... MoreScientific Games (SGMS) Provides Update on Strategy to Become Content-Led Growth Company with Particular Focus on Digital Markets and to Drive Long-Term Sustainable Value
June 29, 2021 7:02 AM EDTScientific Games Corporation (NASDAQ: SGMS) ("Scientific Games," "SGC" or the "Company") announced that the Company, with the support of its Board of Directors, including Executive Chair Jamie Odell and Executive Vice Chair Toni Korsanos, intends to divest its Lottery and Sports Betting businesses. Scientific Games is evaluating strategic alternatives to execute the divestitures for each business, respectively, including an initial public offering ("IPO") or a combination with a special purpose acquisition company ("SPAC"), or a sale or a strategic combination with another business.
Jamie Odell, Executive Chair of Scientific Games, said... More
