Ahead Of Bell: Bally Technologies Downgraded
NEW YORK (AP) A Goldman Sachs analyst downgraded slot-machine maker Bally Technologies Inc. Thursday, saying there are other companies that provide "better relative value."
Analyst Steven Kent dropped Bally to "Neutral" from "Buy," but reaffirmed a $31 price target. "We continue to believe that Bally Technologies will benefit from new states rolling out gaming and a pickup in the replacement cycle," he wrote in a client note. Kent pointed out that the downgrade on Las Vegas-based Bally was also due to his upgrade of the hotel sector to "Attractive" and Starwood Hotels & Resorts Worldwide Inc. being boosted to "Buy" from "Sell." Shares of Bally closed Wednesday at $27.27.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,406.96 | 1,109.30 | 2,197.85 | 33.31 |
Oil *
78.75
|
|
UP
136.49
|
UP
15.82
|
UP
29.97
|
DOWN
0.98
|
10 Yr
3.33%
SPDR Gold
111.63
|
|
+1.33%
|
+1.45%
|
+1.38%
|
-2.86%
|
Data delayed 20 minutes |
