Bally’s price target raised to $13 from $11 at Jefferies

Jefferies analyst David Katz raised the firm’s price target on Bally’s to $13 from $11 and keeps a Hold rating on the shares ahead of quarterly results. Weather had a negative impact in January on the Casino & Resorts portfolio, and February and March, while improved, were not enough to compensate, the firm says. Jefferies continues to focus on Bally’s elevated leverage, forthcoming capital needs, and uncertainties surrounding capital-intensive projects which are pressure points for the shares.