UPDATE: Everi Holdings (EVRI) PT Raised to $30 as Jefferies Raises Estimates Ahead of Consensus

Jefferies analyst David Katz raised the price target on Everi Holdings (NYSE: EVRI) to $30.00 (from $21.00) after preannouncing results that accompanied the debt refinancing which surprised to the upside and position the company on a higher earnings growth trajectory than the shares previously contemplated.

The analyst reiterated a Buy rating, stating "The upward revisions position our estimates ahead of consensus with high confidence. The results demonstrate strong momentum which has been in the making the past several years in both segments, which should continue driven the recurring nature of the model." "According to Mgt. commentary, the upside is driven by both better-than-expected sales in Gaming, placements and W/U/D in Gaming, higher-than-expected volumes in FinTech and incremental placements in FinTech."

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