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Truist Financial Keeps Their Hold Rating on Bally’s Corporation (BALY)

Tipranks - Tipranks - Wed Jan 14, 5:52AM CST

Truist Financial analyst Barry Jonas maintained a Hold rating on Bally’s Corporation today and set a price target of $16.65.

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Jonas covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, Caesars Entertainment, and Red Rock Resorts. According to TipRanks, Jonas has an average return of 5.6% and a 45.34% success rate on recommended stocks.

Currently, the analyst consensus on Bally’s Corporation is a Moderate Sell with an average price target of $15.88.

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Based on Bally’s Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $663.72 million and a GAAP net loss of $102.91 million. In comparison, last year the company earned a revenue of $629.97 million and had a GAAP net loss of $247.86 million

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