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Golden Entertainment price target lowered to $57 from $79 at JMP Securities
The Fly

Golden Entertainment price target lowered to $57 from $79 at JMP Securities

JMP Securities analyst Jordan Bender lowered the firm’s price target on Golden Entertainment to $57 from $79 and keeps an Outperform rating on the shares as part of a broader research note on Gaming. Regional gaming has shown "remarkable resiliency" to economic headwinds thus far this year and comparisons are now lapping the COVID-19 impacted months in Q1 of FY23, but savings rates are now near the 2008 financial crisis levels and spend-per-visit growth at casinos has slowed, the analyst tells investors in a research note.

Published first on TheFly

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