UBS analyst Andre Fromyhr initiates coverage on $Light & Wonder (LNW.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 65.7% and a total average return of 5.3% 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 issuance of an injunction by the U.S. District Court of Nevada ceasing the use of trade secrets related to specific gaming products has been noted, with indications that there is a 'fair chance of success' for the ongoing litigation and that the injunction will persist until the conclusion of the legal process. Despite the significant share price reaction to this injunction, the assessment is that the potential for valuation growth sufficiently outweighs the associated risks, according to an analyst.
The recent court order from the U.S. District Court for the District of Nevada issuing a 'preliminary injunction' against the global commercialization of Dragon Train may have repercussions on the company's financials, potentially affecting $70M in annual adjusted EBITDA. Despite the company's appealing valuation, the absence of immediate catalysts and the uncertainty surrounding the legal situation may impact investor sentiment.
The injunction granted to Aristocrat, which restricts Light & Wonder from continuing sales and leasing of the Dragon Train franchise, has led to a shift in the consensus. The legal documents indicate several court findings which may now lean in favor of Aristocrat.
Note:
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