Apollo Funds to take IGT Gaming, Everi private in $6.3 billion deal
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Stifel on Everi Holdings (EVRI): 'surprised would certainly be an understatement', 'we view this unexpected development as a favorable outcome for IGT shareholders'
July 26, 2024 10:09 AM EDTStifel analyst Jeffrey A. Stantia reiterated a Buy rating and $11.00 price target on Everi Holdings (NYSE: EVRI)
The analyst comments "Our take: To say we are surprised would certainly be an understatement. While we did initially highlight potential for a strategic alternative for EVRI to emerge prior to deal close, we have since felt the odds were diminished given an approaching deal close & additional data points evidencing prolonged challenges in the EVRI Games business. Apollo was... More
