Light & Wonder Bull Sees Compelling Value

Dow Jones08:57

0057 GMT - Light & Wonder's bull at Bell Potter sees compelling value at current levels, especially given what look like supportive conditions in the U.S. slot-machine market. Analyst Baxter Kirk points to a survey by The American Gaming Association showing that 63% of gaming executives expect capital-investment growth over the next 6 to 12 months. This is a substantial increase on prior surveys and comes alongside suppliers' expectation of growth in replacement and expansion sales, Kirk says. The stock is trading at just nine times Ebit, he adds. Bell Potter keeps a buy rating on the stock with an unchanged target price of 190.00 Australian dollars. Shares are down 0.2% at A$110.38. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 21, 2026 20:57 ET (00:57 GMT)

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The stock is trading at just nine times Ebit, he adds. Bell Potter keeps a buy rating on the stock with an unchanged target price of 190.00 Australian dollars. Shares are down 0.2% at A$110.38. 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