Truist raised the firm’s price target on PlayAGS to $11 from $8 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 EBITDA beat and "strong" management outlook across the business thanks to consistent trends for GGR / operator purchasing despite the uncertain macro. Despite its above-average growth and increasing free cash flows and deleverage, PlayAGS remains the cheapest stock within its covered group, the firm tells investors in a research note.
Published first on TheFly
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