Jefferies analyst sees momentum for Light & Wonder

Jefferies analyst Kai Erman took a cautious stance on slot machine maker Light & Wonder in a note sent to investors on Wednesday. Erman does not plan to make a clear move without seeing management's third quarter assessments.

The analyst said he left the Global Gaming Expo in Las Vegas more convinced about the company. Impressions from the expo form the core message of the note.

Erman expects Light & Wonder to post cash flow of 382 million Australian dollars in the third quarter. The source text of the story cuts off without saying what figure this forecast falls short of.

Light & Wonder is known as one of the companies supplying slot machines and game content to the casino and online gaming market. The key point for investors will be the statements management makes alongside the quarterly results. The analyst's cautious stance shows that impressions from the expo are not seen as enough on their own.