Goldman Sachs initiated coverage of Light & Wonder (LNW) with a Buy rating and A$190 price target. The firm initiates coverage on three Australia and New Zealand gaming companies, noting that it is most positive on the near to mid-term prospects within land-based gaming and is expecting ongoing share gains from the big three. Goldman prefers Light & Wonder to Aristocrat Leisure (ARLUF) given a greater risk-reward skew, the firm noted.
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