Bally (BYI) Saskatchewan Win Brings It Closer to Reaching Lofty Goals
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Price: $56.91 -0.65%
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade BYI Now!
This morning Bally Technologies, Inc. (NYSE: BYI) announced an agreement to provide 650 video-lottery terminals in Saskatchewan. Commenting on developments, analysts at Sterne Agee said the deal helps substantiate BYI's FY13 EPS guidance of $3.05 to $3.35.
In an October note, analyst David Bain made the following comments on Bally:
"Content ‘hot’ streaks can often wane quickly for suppliers; we believe BYI's growth is more diversified and core-technologically driven than a hot 'skin' or game title. Growth is being fueled by Company specific multi-year contracts/installation opportunities stemming from unique systems products (iView DM and a growing bonusing suite) and game technology, not just titles (iDeck, Pro Curve), in our view. When combined with a slowly improving industry slot replacement cycle and a solid new casino and expansion schedule, we believe there is strong visibility for BYI in both FY13 and FY14."
Sterne Agee has a Buy rating on Bally Technologies (NYSE: BYI) with a price target of $60.00.
For an analyst ratings summary and ratings history on Bally Technologies click here. For more ratings news on Bally Technologies click here.
Shares of Bally Technologies closed at $45.90 yesterday, with a 52 week range of $36.29-$51.16.
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In an October note, analyst David Bain made the following comments on Bally:
"Content ‘hot’ streaks can often wane quickly for suppliers; we believe BYI's growth is more diversified and core-technologically driven than a hot 'skin' or game title. Growth is being fueled by Company specific multi-year contracts/installation opportunities stemming from unique systems products (iView DM and a growing bonusing suite) and game technology, not just titles (iDeck, Pro Curve), in our view. When combined with a slowly improving industry slot replacement cycle and a solid new casino and expansion schedule, we believe there is strong visibility for BYI in both FY13 and FY14."
Sterne Agee has a Buy rating on Bally Technologies (NYSE: BYI) with a price target of $60.00.
For an analyst ratings summary and ratings history on Bally Technologies click here. For more ratings news on Bally Technologies click here.
Shares of Bally Technologies closed at $45.90 yesterday, with a 52 week range of $36.29-$51.16.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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