Why Shares of Scientific Games Corp. Popped 15% Today
Shares of Scientific Games Corp. (NASDAQ: SGMS) jumped as much as 14.9% in trading Tuesday after an analyst upgrade. This comes a day after the stock jumped on a stronger-than-expected earnings report. At 3:30 p.m. EDT, shares were still up 11.5% on the day.
The driver of today's jump was analyst Steven Wieczynski at Stifel Nicolaus, who raised his price target from $24 to $35. The price is below where shares are trading today, and Wieczynski didn't raise his rating on the stock, keeping it at a "hold."
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Source: Fool.com