Stifel lowered the firm’s price target on Bally’s (BALY) to $17 from $18.25 and keeps a Hold rating on the shares. Ahead of Bally’s Q4 report on March 5, the firm updated its model to align to state-reported GGR data and to factor the Casino Queen merger and Standard General tender, which closed February 7. However, it un-anchors its price target from the $18.25 per share cash offer.
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