Bally’s price target raised to $16 from $14 at Truist

Truist raised the firm’s price target on Bally’s to $16 from $14 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 earnings in Gaming. The group has underperformed a resilient S&P year-to-date, but consumer discretionary spend – (especially on casino floors – remains sturdy in the face of continued macro uncertainty, the analyst tells investors in a research note. While regional weather impacts and delayed rate cuts have impacted the stocks, the impact is largely priced in at this point, the firm added.