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Ahead Of Bell: Bally Technologies Downgraded

Stock quotes in this article: BYI , HOT  

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. ...

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