TD Cowen Reiterates Hold Rating on Bally's Corp (BALY)

TD Cowen analyst Lance Vitanza reiterated a Hold rating and $18.25 price target on Bally's Corp (NYSE: BALY).

The analyst commented, " Underlying strength was obscured by several mostly-idiosyncratic factors; it will likely take many quarters to work through the obstacles, and thus we lower our estimates for 2H24 and FY25. The market appears more focused on risk rather than opportunity around pending developments in Chicago, NYC, and PA. We recommend tendering shares into proposed $18.25 buyout offer; reiterate HOLD until then."

For an analyst ratings summary and ratings history on Bally's Corp click here. For more ratings news on Bally's Corp click here.

Shares of Bally's Corp closed at $17.14 yesterday.

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