Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Light & Wonder Inc (NASDAQ: LNW) improved of late. LNW’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Light & Wonder Inc (NASDAQ: LNW) stock declined slightly by -0.4% on 3/18/24. The stock closed at $99.42. However, below average trading volume at 82% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LNW is expected to continue to be a major Value Builder.
Light & Wonder has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Light & Wonder has a neutral Appreciation Score of 42 but a very high Power Rating of 97, triggering the Positive Value Trend Rating.
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