Bally Technologies (BYI) Lower; Boutique Investment Firm Downgrades to Sell

April 8, 2013 3:09 PM EDT Send to a Friend
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Price: $83.27 --0%

Rating Summary:
    5 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 13 | New: 12
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Shares of Bally Technologies (NYSE: BYI) moved lower on Monday. According to chatter, the stock was downgrade to Sell by a boutique investment firm. The firm cited concerns about the stock's run, which it says was driven by hit games. Analysts believe a rally based on hit games is not sustainable. The firm placed a price target of $35.88 on the stock.

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