Redburn Atlantic says Light & Wonder's "transformation" could deliver as much as 40% upside. The firm initiated research coverage of Light & Wonder stock with a buy rating Tuesday, accompanied by a $104 per share price target. LNW YTD mountain Light & Wonder stock. "The gaming business remains highly profitable, and ongoing product improvements leave Light & Wonder well placed to retake share within gaming," Tam said. "The sale proceeds were used to pay down debt, repairing Light & Wonder's balance sheet," he said.

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Persons: Andrew Tam, Tam, Michael Bloom