Everi Holdings price target lowered to $25 from $30 at Craig-Hallum

Craig-Hallum analyst George Sutton lowered the firm’s price target on Everi Holdings to $25 from $30 and keeps a Buy rating on the shares. The analyst is also modestly lowering his full year 2023 estimates to reflect higher interest expense and to reflect a potentially more tepid demand environment in 2023 as the macro backdrop could weaken. Both impacts in his view can be directly attributed to Jerome Powell. Perhaps the most important metric for Everi is employment, which has remained quite durable but is a key target for the desired impact of higher rates, Sutton adds.