Bally’s price target raised to $17 from $13 at Jefferies

Jefferies raised the firm’s price target on Bally’s to $17 from $13 and keeps a Buy rating on the shares. The company’s mixed quarterly performance was driven by weakness in the International Interactive and C&R segments, and while the management will remain focused on constructing the Chicago Permanent Facility and growing North America Interactive, the elevated leverage and outcomes for the Trip site in Las Vegas present challenges, the analyst tells investors in a research note. Given the recent take-private offer by Standard General, shares should be “rangebound”, the firm added.