Brean Murray Carret & Co. Assumes Coverage on Bally Technologies (BYI) at Buy; No Longer Deemed A One-Hit Wonder

August 28, 2012 7:40 AM EDT
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Brean Murray Carret & Co. assumes coverage on Bally Technologies (NYSE: BYI) with a Buy. PT $54.00.

Analyst, Justin Sebastiano, said, "We expect the momentum in both the Game Ops and Product Sales segments to continue throughout FY13, as recently released games hit their stride. Bally should continue to increase ship share in Product Sales, due to increased demand for the Pro Series cabinet. In addition, the Systems pipeline looks strong..."

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 $44.53 yesterday.

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