Light & Wonder Gets Positive Outcome From Lawsuit -- Market Talk

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Light & Wonder Gets Positive Outcome From Lawsuit -- Market Talk

Dow Jones01-13

2156 GMT - Jefferies is upbeat about U.S. slots-machine maker Light & Wonder's agreement to pay $127.5 million to Aristocrat Leisure after it used the Australian company's coding and copyrights in two of its games. "This is a positive outcome given we had expected a material PE discount priced for contagion risk as well as our assumption of a $200 million settlement," analyst Kai Erman says. It should ease some concern of investors about its balance sheet. Also, there appears to be little to no risk of further contagion from the case. "We think this justifies a further re-rate for Light & Wonder," Jefferies says. Its price target rises 22% to A$225.00/share, and it retains a buy call on the stock. Light & Wonder ended Monday at A$182.50. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 12, 2026 16:56 ET (21:56 GMT)

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Also, there appears to be little to no risk of further contagion from the case. \"We think this justifies a further re-rate for Light &amp; Wonder,\" Jefferies says. Its price target rises 22% to A$225.00/share, and it retains a buy call on the stock. Light &amp; Wonder ended Monday at A$182.50. 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It should ease some concern of investors about its balance sheet. Also, there appears to be little to no risk of further contagion from the case. \"We think this justifies a further re-rate for Light &amp; Wonder,\" Jefferies says. Its price target rises 22% to A$225.00/share, and it retains a buy call on the stock. Light &amp; Wonder ended Monday at A$182.50. 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