Price Target Of $25 And Buy Rating For International Game Technology

Deutsche Bank Securities set a price target of $25 for International Game Technology (NYSE: IGT) and issued a Buy recommendation when it released a report containing Deutsche's earning expectations for International Game Technology, a day before the company is set to release its financial results for the 1st quarter of its fiscal year.

At the time that the report was issued, the stock's 52 week range was $7.12 to $23.05 and it currently trades near $20.

Deutsche Bank Securities expects 1st quarter earnings per share to fall to 20 cents, down from 26 cents the previous year.

International Game Technology will release the results tomorrow after the market close and has scheduled a conference call for 5 PM Eastern. The dial in is 888-842-9209.