JPMorgan Downgrades Light & Wonder (LNW) to Neutral

JPMorgan analyst Don Carducci downgraded Light & Wonder (NASDAQ: LNW) from Overweight to Neutral with a price target of $95.00 (from $108.00).

The analyst comments: "LNW's core business will struggle to achieve the original US$1.4bn EBITDA target as revised FY25 EBITDA guidance of US$1.43bn-1.47bn now includes Grover. Phrased differently, the business needs to deliver ~15% EBITDA growth in 2H25 to hit the mid-point of guidance, a significant step change in growth vs Q1 (+11%) and Q2 (+7%) performance. FCF outcomes and gearing will present challenges moving forward;"

For an analyst ratings summary and ratings history on Light & Wonder click here. For more ratings news on Light & Wonder click here.

Shares of Light & Wonder closed at $90.92 yesterday.

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