WMS Industries (NYSE:WMS) PT Cut by Goldman (NYSE:GS) on Competitive Pressures

Stiff competition for WMS Industries (NYSE:WMS) resulted in Goldman Sachs (NYSE:GS) cutting their price target on the gaming machine maker.

It appears WMS is moving market share, along with decreasing margins and a shrinking R&D budget.

WMS makes gaming machines in the casino sector for companies around the world, including lottery terminals.

Goldman maintains their "Neutral" rating on WMS, which was trading at $42.10, down $3.01, or 6.66 percent, as of 1:52 PM EST. Goldman lowered their price target on WMS from $46 to $40.