Jefferies analyst David Katz maintains $Light & Wonder (LNW.US)$ with a buy rating, and maintains the target price at $128.
According to TipRanks data, the analyst has a success rate of 48.2% and a total average return of 8.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Light & Wonder (LNW.US)$'s main analysts recently are as follows:
The injunction by the U.S. District Court of Nevada to halt the use of trade secrets concerning 'Dragon Link' and 'Lightning Link' indicates that there is a 'fair chance of success' for the ongoing suit, with the injunction expected to last until the conclusion of the litigation. Despite an 18% share price reaction to the 'Dragon Train' injunction, the perceived valuation upside is thought to 'more than compensate' for the associated risks.
A district court's decision to grant a preliminary injunction against Light & Wonder, restricting further sales and leasing of the 'highly successful' Dragon Train franchise until a definitive ruling, was unexpected. Prior to this legal development, it was believed the consensus anticipated an outcome in favor of Light & Wonder. However, recent court findings have surfaced, tilting the likelihood slightly towards Aristocrat, as reported by an analyst.
Note:
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