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International Game Technology (IGT) [hlAlert]

Rating:
Buy IGT
down 12.75 %

International Game Technology (IGT) rated Buy with price target $22 by Morgan Joseph

Posted on: Friday,  Jan 21, 2011  9:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy International Game Technology (NYSE: IGT) on 01/21/2011. Previously Morgan Joseph rated Buy International Game Technology (NYSE: IGT) on
01/29/2010., when the stock price was $19.21. Since then, International Game Technology has lost 12.75% as of 01/25/2016's recent price of $16.76.
If you would have followed the previous Morgan Joseph's recommendation on IGT, you would have lost 12.75% of your investment in 2187 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).

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/21/2011 9:25 AM Buy
None
18.09 22.00
as of 12/30/2011
1 Week up  3.92 %
1 Month up  0.82 %
3 Months up  18.37 %
1 YTD down  -2.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2010 9:25 AM Buy
None
15.90 19.00
1/29/2010 9:25 AM Buy
None
19.21 23.00
7/19/2007 1:25 PM Hold
None
38.42

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