Gaming and Leisure (GLPI) PT Lowered to $49 at Citizens on Volatile Macro Backdrop

Citizens analyst Mitch Germain lowered the price target on Gaming and Leisure (NASDAQ: GLPI) to $49.00 (from $55.00) while maintaining a Market Outperform rating.

The analyst commented, "GLPI’s balance sheet is well-positioned, with historically low leverage. Despite another $1.4B of funding commitments, leverage should remain well within management’s long-term targets, even if the equity capital markets remain closed. We reduce our price target to $49 from $55 to account for the volatile macro backdrop, as we lower our target multiple to 11.5x from 13x applied to our 2027E AFFO/share, though we maintain our Market Outperform rating given the proven durability of cash flows, management alignment, low leverage, and track record which drives direct deal flow."

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