Union Gaming positive on Scientific Games [Seeking Alpha]
Scientific Games Corp (SGMS)
Last scientific games corp earnings: 2/18 04:01 pm
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US:NASDAQ Investor Relations:
scientificgames.com/investors
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Source: Seeking Alpha
Union Gaming positive on Scientific GamesUnion Gaming maintains a Buy rating on Scientific Games (SGMS+0.3%) on a favorable outlook for slot replacement demand in North America.Analyst John DeCree also adjusts estimates on Scientific Games higher to factor in the NYX Gaming acquisition. He sees 2018 EBITDA of $1.358B and 2019 EBITDA of $1.436B from the casino industry supplier.The price target of $57 on SGMS from Union is 9X the 2019 EBITDA estimate.Click to subscribe to real-time analytics on SGMSNow read:If State Lotteries Get The Nod For Sports Betting After A Favorable Supreme Court Ruling, Scientific Games Could Be A Strong Contender »
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