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International Game Technology (IGT) [hlAlert]

Rating:
Buy IGT
down 8.81 %

International Game Technology (IGT) rated Buy with price target $24 by BofA/Merrill

Posted on: Monday,  Jun 22, 2015  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy International Game Technology (NYSE: IGT) on 06/22/2015, when the stock price was $18.38. Since
then, International Game Technology has lost 8.81% as of 01/25/2016's recent price of $16.76.
If you would have followed this BofA/Merrill's recommendation on IGT, you would have lost 8.81% of your investment in 217 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).

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/22/2015 10:25 AM Buy
None
18.38 24.00
as of 8/27/2015
1 Week down  -4.00 %
1 Month down  -9.06 %
3 Months down  -8.81 %
1 YTD down  -8.81 %

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