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Enter Symbol:
 
International Game Technology (IGT) [hlAlert]

Rating:
Buy IGT
down 0.17 %

International Game Technology (IGT) upgraded to Buy with price target $20 by Argus

Posted on: Friday,  Feb 8, 2013  9:25 AM ET by Argus

Argus rated Buy International Game Technology (NYSE: IGT) on 02/08/2013, when the stock price was $16.79. Since
then, International Game Technology has lost 0.18% as of 01/25/2016's recent price of $16.76.
If you would have followed this Argus's recommendation on IGT, you would have lost 0.17% of your investment in 1081 days.

International Game Technology (IGT) is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and systems products. IGT maintains an array of entertainment-inspired gaming product lines. In addition to its United States production facilities in Nevada, it manufactures gaming products in the United Kingdom, and through third-party manufacturers in Japan and China. The Company derives its revenues from the distribution of electronic gaming equipment, systems, services and licensing. It operates in two segments: North America and International. North America consists of its operations in the United States and Canada, comprising 77% of consolidated revenues during the fiscal year ended October 3, 2009 (fiscal 2009). International consists of its operations in all other jurisdictions worldwide, comprising 23% of consolidated revenues during fiscal 2009. In January 2009, it acquired Progressive Gaming International Corporation (PGIC).

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2013 9:25 AM Buy
None
16.79 20.00
as of 12/13/2013
1 Week down  -2.51 %
1 Month down  -3.00 %
3 Months down  -14.27 %
1 YTD up  3.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2011 9:25 AM Hold
None
18.19
8/31/2009 3:25 PM Buy
None
20.90 27.00

(*) Stock Price at the time of the recommendation.
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