ASX shares of Light & Wonder fall most in three weeks before Q2 results

Light & Wonder

05/08/2025 03:45

** ASX-listed shares of Light & Wonder LNW.AX LNW.O drop as much as 3.4% to A$140.620, their biggest intraday pct loss since July 14

** Jarden trims price target for the gaming co to A$188.00 from A$189.00, maintains "buy" ahead of Q2 results release on August 6

** Brokerage says co to focus on addressing lower sales across North America and its flat topline in its digital games 'SciPlay' segment

** Downside risks flagged by Jarden include economic/gaming slowdown, failure to retain key gaming talent, competition, amongst other risks

** Still sees co well-placed for double-digit adjusted EBITDA growth, while trading at discounts to market

** Fourteen analysts rate stock 'buy' on avg; median PT is A$191.00 on the ASX shares, per LSEG-compiled data

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))