What happened Shares of Scientific Games (NASDAQ: SGMS) had another great day on Tuesday, climbing as much as 15.5% in trading before closing up 14.7% for the day. This follows a 39.3% gain in shares on Monday. So what Yesterday's move was the result of a new investor group, led by Caledonia, taking a large stake in the company, and today analysts weighed in. Union Gaming kept a buy rating on the stock and raised its price target from $27 to $38 per share. Jefferies and Stifel also had positive comments about investment. Image source: Getty Images. Union Gaming thinks changes to the board of directors and the investor base give the company a better ability to execute on its long-term strategy. Caledonia's track record of creating value in the gambling space is also giving the analysts confidence. Now what While yesterday's news was a more fundamental shift in the investment thesis, today's isn't as notable in the long term. Analyst upgrades and downgrades can move stocks in the short term, but typically don't last long term. What investors should look out for is if Caledonia's investment can lead to changes in Scientific Games' performance in areas like mobile and digital gaming. If it can, this will be a home run stock, but if it doesn't, the company's recent pop won't last long. 10 stocks we like better than Scientific GamesWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Scientific Games wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Jefferies Financial Group Inc. The Motley Fool has a disclosure policy.Source