B. Riley lowered the firm’s price target on Golden Entertainment to $40 from $44 and keeps a Buy rating on the shares. This summer was the hottest in Las Vegas weather history, negatively impacting attendance at local resorts, casinos, and taverns, the analyst tells investors in a research note. The firm believes share repurchases will continue, and that Golden Entertainment will likely exhaust the remaining $61M on its share repurchase before the end of the year.
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>>
Read More on GDEN:
- Bet On It: Circa Sports throws hat in Kentucky sports betting ring ahead of NFL
- Golden Entertainment price target lowered to $41 from $44 at Macquarie
- Golden Entertainment price target lowered to $36 from $39 at JMP Securities
- Golden Entertainment reports Q2 EPS 2c, consensus 19c
- GDEN Upcoming Earnings Report: What to Expect?