Everi Holdings price target lowered to $20 from $25 at Raymond James

Raymond James analyst John Davis lowered the firm’s price target on Everi Holdings to $20 from $25 and keeps a Strong Buy rating on the shares. Everi’s Q2 results were mixed, with EBITDA roughly in line with the Street and revenue that showed modest upside, the analyst tells investors in a research note. The stock is not priced for perfection, and Wednesday’s 11% downdraft post-print is an overreaction, the firm says.