Golden Entertainment price target lowered to $40 from $43 at Truist

Truist lowered the firm’s price target on Golden Entertainment to $40 from $43 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Gaming. Investors are fearing an “ever-looming” consumer pullback, though Gaming fundamentals have largely held up despite persistent macro pressures, the analyst tells investors in a research note. For the company however, its Strat issues have “largely persisted” and the stock has “remained challenged”, the firm added.