BofA raised the firm’s price target on Gaming and Leisure Properties (GLPI) to $48 from $45 and keeps an Underperform rating on the shares. For 2024, Gaming may be “volatile and trading-oriented” as slowing revenue and rising costs intersect with historically low valuations, but still precede negative estimate revisions, says the analyst, who adds that “caution is warranted” given the recent reaction to misses such as Boyd’s (BYD) in Q3. Online, however, is the “arguably only idiosyncratic story in Gaming,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GLPI:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of December 4, 2023
- Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2023 Cash Dividend of $0.73 Per Share
- Bet On It: ESPN Bet launches in 17 states
- Gaming and Leisure Properties ‘applauds’ MLB decision to bring A’s to Las Vegas
- Gaming and Leisure Properties Applauds Major League Baseball’s Landmark Decision to Bring the MLB Athletics to Las Vegas