Why International Game Technology Stock Jumped 13% Today
Shares of gambling industry supplier International Game Technology (NYSE: IGT) jumped as much as 13% in trading on Thursday after getting a big upgrade from an analyst. Shares have slipped late in trading and are up 5.6% at 3:30 p.m. EDT.
Analyst Benjamin Chaiken at Credit Suisse Group upped their price target for IGT stock from $35 per share to $36 per share. That may be a small move, but it represents an implied upside of over 50% based on where shares are currently trading.
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Source Fool.com
