Truist analyst Barry Jonas lowered the firm’s price target on Everi Holdings to $20 from $25 but keeps a Buy rating on the shares. The company reported modest Q2 earnings beat but its adjusted EBITDA outlook was reduced on weaker gaming sales, the analyst tells investors in a research note. The air pocket highlighted by Everi management last quarter looks to have gotten worse, but the management is likely to have reset the bar here, the firm adds.
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Read More on EVRI:
- Everi Holdings price target lowered to $24 from $27 at B. Riley
- Everi Holdings price target lowered to $20 from $25 at Raymond James
- Everi Holdings to participate in a conference call with Truist
- Everi Holdings raises FY23 adjusted EPS view to $1.62-$1.67 from $1.58-$1.66
- Everi Holdings reports Q2 adjusted EPS 41c, consensus 25c
