Why Bally's (BALY) Shares Are Trading Lower Today
Shares of gaming, betting and entertainment company Bally's Corporation (NYSE:BALY) fell 6.9% in the morning session after an analyst at Stifel lowered their price target on the stock, while another firm downgraded their rating. Stifel maintained its "Hold" rating but cut its price target from $12.00 to $10.00, representing a 16.67% decrease. The negative analyst sentiment comes even as Bally's reported second-quarter revenue of $657.5 million that beat estimates. However, the top-line growth wa