Stock in International Game Technology, the Nevada slot machine and casino systems manufacturer, climbed Friday as Goldman Sachs analyst Steven Kent said the company could benefit from a potential restructuring and increasing state budget deficits.
Mr. Kent expects IGT will roll out a restructuring that brings profit margins near last year's 30 percent range. He added that the company may also be able to capitalize on its exposure at the upcoming Global Gaming Expo trade show in Las Vegas in November.
Mr. Kent maintained a "buy" rating for the company whose shares rose $1.02, or 6 percent, to $17.75 in morning trading.