Finance1 min read

Stifel keeps Brightstar Lottery a top pick after Q3 miss, cuts target price to $18

By · Via Investing.com Markets · Published by Everything Blog

In short

The brokerage firm adjusted its valuation expectations downward following the release of the third-quarter numbers. Brightstar Lottery fell short of earnings projections for the period, prompting a reduced price objective of $18. Nevertheless, the firm reaffirmed the stock's status on its preferred investment list.

Key points

  • Analysts continue to favor Brightstar Lottery despite its disappointing third-quarter ear…: Analysts continue to favor Brightstar Lottery despite its disappointing third-quarter earnings report.
  • The company faces a revised valuation target of $18 from brokerage analysts.: The company faces a revised valuation target of $18 from brokerage analysts.
  • Institutional backing persists for the asset even after the recent quarterly shortfall.: Institutional backing persists for the asset even after the recent quarterly shortfall.
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