JMP Securities Maintains Market Outperform on Golden Entertainment, Lowers Price Target to $51
Portfolio Pulse from jenniferd'souza@benzinga.com
JMP Securities analyst Jordan Bender maintains a Market Outperform rating on Golden Entertainment (NASDAQ:GDEN) but lowers the price target from $56 to $51.
August 01, 2023 | 12:16 pm
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NEUTRAL IMPACT
Golden Entertainment's price target has been lowered from $56 to $51 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors. However, the maintenance of the Market Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the impact. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100