Truist analyst Barry Jonas raised the firm’s price target on Bally’s to $15 from $13 and keeps a Buy rating on the shares. Bally’s current stock price is a far cry from 2021 highs and Standard General’s $38 take-private offer in 2022, and Truist thinks there are some positives investors are missing, including continued Gamesys success in the UK post-White Paper, as well as some early proof points in U.S. iGaming, the analyst tells investors in a research note.
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