Craig-Hallum lowered the firm’s price target on Everi Holdings (EVRI) to $16 from $18 and keeps a Buy rating on the shares. The firm has mixed feelings on the IGT (IGT) deal as it dilutes Everi’s more unique FinTech segment, other gaming equipment supplier mergers haven’t resulted in a “one plus one equals two dynamic” historically due to customer supplier diversification efforts, and the increased complexity of the business may limit multiple expansion, the analyst tells investors in a research note.
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