Mizuho Securities analyst Benjamin Chaiken maintains $Light & Wonder (LNW.US)$ with a sell rating.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Light & Wonder (LNW.US)$'s main analysts recently are as follows:
The injunction by the U.S. District Court of Nevada to halt the use of trade secrets concerning 'Dragon Link' and 'Lightning Link' indicates that there is a 'fair chance of success' for the ongoing litigation, expected to persist until its conclusion. Despite the significant share price reaction following the 'Dragon Train' injunction, it is believed that the current valuation potential sufficiently outweighs the associated risks.
The recent court order from the U.S. District Court for the District of Nevada, which grants a 'preliminary injunction' affecting the global commercialization of Dragon Train, is significant. This court decision, which halts sales and earnings from gaming operations, pertains to an annual adjusted EBITDA impact of roughly $70 million. While the valuation of Light & Wonder remains appealing, the absence of immediate catalysts, compounded by the uncertainty of legal outcomes, is notable.
Subsequent to a preliminary court injunction in favor of Aristocrat that limits further sales and leasing of Light & Wonder's notably successful Dragon Train franchise pending a final decision, there's a shift in the outcome that was initially anticipated by the consensus. The court's findings disclosed in the legal documents subtly tilt the odds towards Aristocrat, according to the analyst.
Note:
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