Everi Holdings price target lowered to $11 from $13 at Truist

Truist analyst Barry Jonas lowered the firm’s price target on Everi Holdings to $11 from $13 and keeps a Hold 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. Everi’s stock price is likely to remain rangebound however as the company seeks M&A approval, the firm added.