Goldman Sachs Upgrades Bally Technologies (BYI) to Buy Citing Surge in Systems
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Price: $83.27 --0%
Rating Summary:
4 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
4 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Goldman Sachs upgraded Bally Technologies (NYSE: BYI) from Neutral to Buy with a price target of $46, suggesting 15% upside.
The firm cited increased confidence about the company's "high margin/high cash flow producing systems business after talking with slot managers, recent contract signings, and a deal-by-deal buildup showing that systems revenue could increase 37% over the next two years."
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 $40.07 yesterday.
The firm cited increased confidence about the company's "high margin/high cash flow producing systems business after talking with slot managers, recent contract signings, and a deal-by-deal buildup showing that systems revenue could increase 37% over the next two years."
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 $40.07 yesterday.
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