International Game Tech (NYSE:IGT) PT, EPS Raised on Margin Potential

With the strong outlook for expanding margins for International Game Tech (NYSE:IGT), Morgan Joseph raised their price target and EPS estimate on the company.

Morgan Joseph said they boosted their targets "given the margin expansion potential that we envision for the next fiscal year, the likely pickup in replacements, and growth potential in Gaming Ops."

EPS guidance on International Game Tech for 2012 was increased by $0.02.

Morgan Joseph maintains a "Buy" rating on International Game Tech (IGT), which was trading at $18.19, down $0.13, or 0.71 percent, as of 1:34 PM EST. They raised their price target on International Game Tech from $19 to $22.