Truist downgraded Everi Holdings (EVRI) to Hold from Buy with a price target of $13, down from $14. While the firm is positive on the longer term merger opportunity, it thinks near-term execution risks are real and investors will have to wait almost a year for the deal to even close. The firm is downgrading both International Game (IGT) and Everi to Hold as it thinks shares will likely be range bound in the near-term.
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Read More on EVRI:
- Everi Holdings’ Strategic Acquisition and Business Expansion Plan
- EVERI REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- IGT’s Global Gaming and PlayDigital Businesses to Combine with Everi, Creating a Comprehensive Global Gaming and FinTech Enterprise
- Everi Holdings Inc (EVRI) Q4 Earnings Cheat Sheet
- Everi Holdings price target lowered to $14 from $16 at Truist
