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. 

Image source: Getty Images.

Continue reading

Source Fool.com