STOCK ANALYSTS REACT TO COVID-19 CRISIS

STOCK ANALYSTS

Stock analysts covering the gaming industry have been paying particular attention to the supply sector,

which was sent reeling as sales ground to a halt and their customers shut down for the duration of the Covid-19 pandemic.

IGT, Scientific Games, Everi, AGS and others recently announced various levels of furloughs affecting employees across their markets.

Stock analysts have been adjusting earnings estimates as stock prices dipped and opportunistic investors decided when to snatch a bargain.

Reports from analysts drew grim outlooks for the near term in the supply sector,

but indicated most stand a good chance of recovering if the pandemic is over by the third quarter.

A report from Caterer Goodman Partners on Scientific Games said the supplier could be a victim of its debt load unless one of a few options can bail the company out.

“We list a few options SGMS has to avoid Chapter 11 by the end of Q2,

but most seem likely to damage the long-term future,”

the report said

CDC Gaming Reports published research notes from Eilers and Krejcik Gaming principal Todd Eilers evaluating International Game Technology, Scientific Games.

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