Everi Holdings resumed with a Neutral at B. Riley

B. Riley resumed coverage of Everi Holdings with a Neutral rating and $12 price target. The analyst believes there is “strong value at the current stock price and a solid argument for shares to go higher.” However, structural issues along with well-telegraphed lower key performance indicators in the first half of 2024 may leave the stock range bound for now, the analyst tells investors in a research note.