Jefferies Reiterating Hold rating On Int'l Game Tech

According to Jefferies, Int'l Game Tech IGT Hold rating is reiterated. Jefferies said that with revenue and profit higher than expected coupled with tax savings, partially offset by higher than expected SG&A, it believes the quarter generally reflects outlook for a gradual recovery for IGT that requires more volume to gain momentum. “Accordingly, we are maintaining our HOLD rating and $16 target on the shares.” Int'l Game Tech closed on Thursday at $16.33.