Zacks Bull and Bear of the Day Highlights: Avery Dennison, Progressive Waste Solutions, International Game Technology, Facebook

 Zacks Bull and Bear of the Day Highlights: Avery Dennison, Progressive Waste
         Solutions, International Game Technology, Facebook and Apple

PR Newswire

CHICAGO, Feb. 27, 2013

CHICAGO, Feb. 27, 2013 /PRNewswire/ --Zacks Equity Research highlights Avery
Dennison Corporation (NYSE:AVY) as the Bull of the Day and Progressive Waste
Solutions Ltd. (NYSE:BIN) as the Bear of the Day. In addition, Zacks Equity
Research provides analysis on International Game Technology (NYSE:IGT),
Facebook (Nasdaq:FB) and Apple (Nasdaq:AAPL).


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

Avery Dennison Corporation (NYSE:AVY) completed a triple play in the fourth
quarter: a positive earnings surprise, a positive sales surprise, and strong
management guidance. This prompted analysts to revise their estimates higher
for both 2013 and 2014, sending the stock to a Zacks Rank #1 (Strong Buy)

Although shares have risen more than 10% off the strong quarter, valuations
still look very reasonable. So shares of Avery Dennison have plenty of room to
continue marching higher.

Avery Dennison manufactures labeling and packaging materials for a wide
variety of industries around the globe. It reports its results in three

  oPressure-Sensitive Materials: 71% of total sales
  oRetail Branding & Information Solutions: 25%
  oOther Specialty Converting Businesses: 4%

Bear of the Day:

Progressive Waste Solutions Ltd. (NYSE:BIN) reported a fourth quarter earnings
miss, and management provided weak guidance for 2013. This prompted analysts
to revise their estimates lower for both 2013 and 2014, sending the stock to a
Zacks Rank #5 (Strong Sell) stock. Although shares have sold off a bit after
the report, valuations still do not look cheap.

Progressive Waste Solutions is a full-service waste management company that
provides non-hazardous solid waste collection, recycling and disposal services
to commercial, industrial, municipal and residential customers in 13 U.S.
states and the District of Columbia and six Canadian provinces. It is
headquartered in Vaughan, Canada and has a market cap of $2.4 billion.

Progressive Waste Solutions reported its Q4 results on February 14. Earnings
per share came in at 24 cents, missing the Zacks Consensus Estimate by 8%.
This marked the company's third earnings miss in the last four quarters. EPS
was also 25% lower than in the same quarter in 2011.

Latest Posts on the Zacks Analyst Blog:

IGT Signs New Cloud Deal

International Game Technology (NYSE:IGT)recently entered into an agreement
with Uruguay-based Rivera Casino Group to install IGT cloud at two casino
sites. The partnership will allow Rivera to offer IGT's cloud-based gaming
solutions to its Manteo S.A. Rivera Casino & Resort as well as Sarandi Slots

Deploying IGT Cloud in casino properties will not only give Rivera access to
IGT's vast gaming library but also help to optimize its casino operations by
using IGT's different casino management solutions and sbX analytics. The
Rivera contract is IGT's second win in Uruguay in consecutive months. Earlier
in January, IGT agreed to install sbX casino management system at SALTO Hotel
and Casino.

IGT Cloud has been selected by a number of International casino providers such
as the Rank Group and Olympic Entertainment over the last 12 months. The
popularity of the Cloud in the casino gaming industry is encouraging as it is
expected to improve IGT's top line going forward.

IGT's gaming operations continue to suffer from sluggish macro-economic
conditions in the domestic market. IGT is therefore looking for expansion
opportunities in the International market. We believe that these customer wins
will expand IGT's international penetration over the long term.

The company is also gaining traction through its DoubleDown Casino, which has
garnered significant attention from different land-based casino operators in
the recent times. In January this year, IGT agreed to provide its entire
online gaming portfolio to Belgian land-based casino operator Groupe Circus.

IGT already has relationships with operators in the United Kingdom, Italy and
Denmark and this partnership further extends IGT's presence in the European
regulated online casino market. Moreover, in the domestic market, DoubleDown
has secured deals from Bonanza Casino, Hard Rock Hotel and Casino and Jacobs

These partnerships have helped DoubleDown to achieve significant customer base
in the recent past. As per IGT, DoubleDown Casino continues to remain the #3
top-grossing app on Facebook (Nasdaq:FB), and also became the #6 top-grossing
app on Apple's (Nasdaq:AAPL) iPad in the first quarter of 2013. Moreover,
average revenue per daily active user also improved from 28 cents to 30 cents
in the last quarter.

Get the full analysis of all these stocks by going to

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are
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3-6 months.

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