BUZZ-Light & Wonder falls after legal blow

Reuters

Sep 24, 2024

** Shares of U.S-based gaming co Light & Wonder fall ~16% to $94.7 premarket

** Co gets preliminary injunction order from U.S. District Court of Nevada for its Dragon Train game after rival Aristocrat Leisure's unit filed an intellectual property infringement claim

** LNW says respectfully disagree with the judge's decision and will promptly file an appeal

** Reaffirms its 2025 $1.4 bln targeted consolidated AEBITDA

** J.P. Morgan cuts PT to $103 from $111

** Brokerage says Dragon Train is a significant driver of LNW's shift in positive sentiment and sales and earnings momentum

** Co's Australia listing dropped 18%, worst day on record

** As of last close, LNW up 37.23% YTD

(Reporting by Sukriti Gupta)

((Sukriti.Gupta@thomsonreuters.com;))

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Morgan cuts PT to $103 from $111</p><p>   ** Brokerage says Dragon Train is a significant driver of LNW's shift in positive sentiment and sales and earnings momentum</p><p>   ** Co's Australia listing    dropped 18%, worst day on record </p><p>   ** As of last close, LNW up 37.23% YTD</p><p> (Reporting by Sukriti Gupta)</p><p>((Sukriti.Gupta@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065169927.USD","symbol_name":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2469496374","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469496374","pubTimestamp":1727183392,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of U.S-based gaming co Light & Wonder    fall ~16% to $94.7 premarket   ** Co gets preliminary injunction order from U.S. District Court of Nevada for its Dragon Train game after rival Aristocrat Leisure's    unit filed an intellectual property infringement claim   ** LNW says respectfully disagree with the judge's decision and will promptly file an appeal   ** Reaffirms its 2025 $1.4 bln targeted consolidated AEBITDA   ** J.P. 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Morgan cuts PT to $103 from $111   ** Brokerage says Dragon Train is a significant driver of LNW's shift in positive sentiment and sales and earnings momentum   ** Co's Australia listing    dropped 18%, worst day on record    ** As of last close, LNW up 37.23% YTD (Reporting by Sukriti Gupta)((Sukriti.Gupta@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}