Scientific Games -6% as Jefferies halves target

• Jefferies downgrades Scientific Games (NASDAQ:SGMS) from Buy to Hold and slices the price target from $46 to $22.
• Earlier this week, Deutsche Bank cut its SGMS target on the recent lukewarm earnings and reported plans to launch an IPO from its social gaming business.
• SGMS is down 6% to $18.76.
• Previously: Deutsche cuts Scientific Games target on IPO plans (Nov. 13)