Golden Entertainment price target lowered to $47 from $48 at Macquarie

Macquarie analyst Chad Beynon lowered the firm’s price target on Golden Entertainment to $47 from $48 and keeps an Outperform rating on the shares after the company reported a “slight” Q4 miss. The firm continues to recommend Golden as “an inexpensive way for exposure to the healthy and growing Southern Nevada Gaming region” given what it calls “one of the strongest balance sheets in gaming” as well as full ownership of its properties.