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Why Scientific Games Shares Jumped 14.7% on Tuesday

Shares of Scientific Games (NASDAQ: SGMS) had another great day on Tuesday, climbing as much as 15.5% in trading before closing up 14.7% for the day. This follows a 39.3% gain in shares on Monday


Shares of Scientific Games (NASDAQ: SGMS) had another great day on Tuesday, climbing as much as 15.5% in trading before closing up 14.7% for the day. This follows a 39.3% gain in shares on Monday

Yesterday's move was the result of a new investor group, led by Caledonia, taking a large stake in the company, and today analysts weighed in. Union Gaming kept a buy rating on the stock and raised its price target from $27 to $38 per share. Jefferies and Stifel also had positive comments about investment. 

Image source: Getty Images.

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Source Fool.com

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