UPDATE: Goldman Sachs Raises PT on Scientific Games to $10

Goldman Sachs is out with its report today on Scientific Games SGMS, raising its PT from $9 to $10. In a note to clients, Goldman Sachs writes, "We are updating our estimates for Scientific Games after its 1Q results. Our estimates are going slightly higher mostly due to higher unconsolidated joint venture (China and Italy) results. This is slightly offset by higher than previously assumed SG&A. Our new estimates are $0.19, $0.32, and $0.39 up from $0.18, $0.25, and $0.35. We are raising our 12-month price target to $10 from $9 due to our higher estimates. Our price target is based on EV/EBITDA and DCF analysis." Shares of SGMS closed Friday at $9.67, down 1.98% from Thursday's close.