Gambling News’ Post

B. Riley Securities has lowered its score for Golden Entertainment, Inc. slightly while still maintaining a “buy” rating. The new outlook led to an immediate slump in the gambling company’s share price. As mentioned, B. Riley reduced its estimates on the company, lowering CY24E EBITDA by 4% and CY25E EBITDA by 5%. Analyst David Bain maintained a buy rating for Golden Entertainment with a new price target of $40 (previously $44). The B. Riley analyst justified its new score with the record-breaking summer in Las Vegas. The intense heat, for context, affected Golden Entertainment’s business, causing its stock to decrease by approximately 3.2% over the past three months. The company has so far reported a year-to-date loss of almost 25.5%. Read the full article ➡ https://lnkd.in/eq-h-aRB #business #gambling #gamblingnews #casino #usa #finance

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