Truist raised the firm’s price target on Light & Wonder to $120 from $115 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Gaming. Investors are fearing an “ever-looming” consumer pullback, though Gaming fundamentals have largely held up despite persistent macro pressures, the analyst tells investors in a research note. For the company, Truist is positive on Dragon Train and other games that should drive “more upside to estimates” in the near-term, the firm added.
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