Truist lowered the firm’s price target on VICI Properties (VICI) to $35 from $40 and keeps a Buy rating on the shares as part of a 2025 outlook for the gaming sector. Outside of acquisition-related outperformance, 2024 was a challenging year for gaming stocks, the analyst tells investors in a research note. The firm says the rate environment remained volatile and stable fundamentals “weren’t enough to overcome lingering macro fears.” For 2025, Truist expects more of the same around the macro, but says “trough valuations could improve on any signs of life for fundamentals.”
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Read More on VICI:
- VICI Properties initiated with an Overweight at Barclays
- VICI Properties price target lowered to $30 from $33 at Mizuho
- VICI Properties price target lowered to $35 from $37 at Evercore ISI
- VICI Properties upgraded to Outperform from Neutral at Wedbush
- VICI Properties price target raised to $32 from $31 at Deutsche Bank