IGT Downgraded to Underperform
October 18, 2010 at 13:56 PM EDT
We have downgraded International Game Technology Inc. (IGT) to Underperform from our previous Neutral rating since replacements of gaming machines are likely to remain weak over the next year. We lower our price target to $13.00, indicating that the company would perform below the broader market. Moreover, a continued lack of visibility for replacement demand, [...]
