Macquarie agrees with Light & Wonder's plan to accelerate share repurchases in the second quarter. Light & Wonder has around US$314 million remaining in its current share buyback program. That's roughly equivalent to 5% of its market value. If achieved, the buyback program could boost EPS by some 5% on an annualized basis. Still, Macquarie says it would keep leverage, based on net debt-to-Ebitda, above 3.0x until 2Q of 2027. "This remains a debate with investors, with some wanting Light & Wonder to prioritize deleveraging versus buybacks," Macquarie says. It retains an outperform call on Light & Wonder, while trimming its price target by 2.4% to A$200.00/share. Light & Wonder ended Thursday at A$102.66. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 07, 2026 19:18 ET (23:18 GMT)
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