Light & Wonder (NASDAQ:LNW) shares rose 3.2% as Truist Securities analyst Barry Jonas raised the price target to $130 from $110, maintaining a “Buy” rating. The stock closed at $97.96, up 1.4% from previous close. The market views this news as significant but not game-changing. Light & Wonder faced a setback 10 months ago when a U.S. court granted a preliminary injunction to competitor Aristocrat. Despite this, L&W reaffirms its 2025 $1.4 billion EBITDA guidance. The stock is up 14.8% YTD but still trades 13% below its 52-week high. Investors who bought 5 years ago would see a 491% return.

Read more at Barchart: Why Light & Wonder (LNW) Stock Is Trading Up Today