Bally’s price target lowered to $15 from $18 at TD Cowen

TD Cowen lowered the firm’s price target on Bally’s to $15 from $18 and keeps an Outperform rating on the shares. The firm said its beat on 4Q adjusted EBITDA despite modest revenue results after costs in International Interactive came in less than expected. Casinos and Resorts have had a challenging start to the year given inclement weather in January.