Bally’s price target lowered to $14 from $17 at Stifel

Stifel lowered the firm’s price target on Bally’s (BALY) to $14 from $17 and keeps a Hold rating on the shares after the company reported a 9% adjusted EBITDAR miss in Q4, the first quarter post-Casino Queen/SG tender closing. Bally’s opted not to establish FY25 guidance and also canceled the earnings call shortly before the start time, notes the analyst, who sees this as reflective of “myriad moving parts and related forecasting uncertainty, though likely weighing on sentiment.”