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Citi trims price target for Australia-listed shares of Light & Wonder after quarterly earnings miss

ReutersMay 8, 2025 7:51 PM

Analysts at Citi lower PT for Australia-listed shares of Light & Wonder LNW.AX to A$193, retain "buy" rating

The U.S.-based gaming company on Thursday reported first-quarter adj. EBITDA of $311 mln, nearly 1% below Visible Alpha consensus

Brokerage lowers adj. EBITDA estimates by about 1% for both FY25 and FY26

Twelve of 13 analysts rate the stock "buy" or higher, one rates it hold; with a median price target of A$195, according to data compiled by LSEG

Stock last down 2.9% YTD

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