Truist Securities Downgrades Ballys to Hold, Raises Price Target to $18.25
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Ballys (NYSE:BALY) from Buy to Hold while raising the price target from $16 to $18.25.
July 26, 2024 | 12:47 pm
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NEUTRAL IMPACT
Truist Securities downgraded Ballys from Buy to Hold, but raised the price target from $16 to $18.25. This mixed signal may cause short-term volatility in the stock price.
The downgrade from Buy to Hold suggests a less optimistic outlook, which could put downward pressure on the stock. However, the raised price target indicates some positive expectations, potentially balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100