0036 GMT - Light & Wonder's latest update looks positive to its bull at RBC despite disappointment over the gaming-tech provider's 1Q earnings. Analyst Mark Wilson says free cash flow was stronger than expected and approves of management's comments that it is committed to reducing net leverage. He also flags Light & Wonder's guidance for mid-to-high single-digit full-year earnings growth, which compares with consensus of 8%. However, Wilson tells clients in a note that March-quarter adjusted earnings of US$327 million were about 3% short of the average analyst forecast. RBC has a last-published outperform rating and A$190.00 target price on the stock, which is down 9.2% at A$101.74. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 06, 2026 20:36 ET (00:36 GMT)
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