Truist initiated coverage of Golden Entertainment with a Buy rating and $45 price target. The analyst says Golden is now a Nevada pure-play, benefiting from favorable population trends and a stable low-tax regulatory environment. With recent construction disruptions ending and labor headwinds normalizing, the company should see solid EBITDA and free cash flow growth ahead, the analyst tells investors in a research note. The firm says the stock’s current valuation doesn’t reflect Golden’s improving fundamentals.
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Read More on GDEN:
- Golden Entertainment price target lowered to $47 from $48 at Macquarie
- Golden Entertainment price target lowered to $45 from $48 at JMP Securities
- Golden Entertainment initiates quarterly dividend of 25c per share
- Golden Entertainment reports Q4 adjusted EBITDA $48.8M vs. $63.6M last year
- Golden Entertainment reports Q4 EPS 35c, consensus 24c
