Market Overview

UPDATE: Goldman Sachs Raises PT to $56.50 on Bally Technologies Following Earnings Results

Related BYI
Goldman Sachs Sees Odds Stacked Against These Gaming Stocks
Markets Virtually Flat, Oil Continues To Decline Following Bearish Outlook

Goldman Sachs reiterated its Buy rating on Bally Technologies (NYSE: BYI) and increased its price target from $54 to $56.50.

Goldman Sachs commented, "We remain Buy rated on Bally shares as we think there is more to go in the company's product cycle. In the quarters ahead, we expect continued growth in gaming operations installed base, margin expansion in gaming equipment and a strong ramp in systems as several new contracts kick in. We are also modeling for continued share buybacks which magnify earnings growth."

Bally Technologies closed at $49.82 on Friday.

Latest Ratings for BYI

Aug 2014Stifel NicolausDowngradesBuyHold
Aug 2014Goldman SachsUpgradesSellNeutral
Aug 2014BMO CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for BYI
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (BYI)

View Comments and Join the Discussion!