Everi Holdings price target lowered to $15 from $17 at Stifel

Stifel lowered the firm’s price target on Everi Holdings to $15 from $17 and keeps a Buy rating on the shares. The company’s Q3 adjusted EBITDA was inline with some notable compositional misses and it lowered its FY23 adjusted EBITDA guidance, the analyst tells investors. Challenges in Gaming remains unchanged, still management informally guided to a reversion to segment revenue growth for FY24, the firm says.