Golden Entertainment price target raised to $36 from $35 at JMP Securities

TipRanks11-26

JMP Securities raised the firm’s price target on Golden Entertainment (GDEN) to $36 from $35 and keeps an Outperform rating on the shares. After touring and speaking with several general managers of ...

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After touring and speaking with several general managers of land-based gaming casinos in Louisiana and Mississippi, JMP believes trends are stable, with no change in November gaming revenue compared to year-to-date trends in Louisiana and Mississippi, the analyst tells investors in a research note. While barriers to passing an iGaming bill are elevated, but the topic of discussion potentially being led by the governor gives it more validity and a welcome option to help offset any increase in the sports betting tax rate, JMP argues.Unlock your investing potential with TipRanks Premium - Now At 40% OFF!Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Golden Entertainment reports Q3 EPS 18c, consensus 7c. Bet On It: DOJ supports lawsuit alleging price fixing at Las Vegas hotels","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"JMP":"JMP Group","GDEN":"黄金娱乐"},"translate_title":"JMP证券将Golden Entertainment目标价从35美元上调至36美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDEN":1,"JMP":1},"content_text":"JMP Securities raised the firm’s price target on Golden Entertainment (GDEN) to $36 from $35 and keeps an Outperform rating on the shares. After touring and speaking with several general managers of land-based gaming casinos in Louisiana and Mississippi, JMP believes trends are stable, with no change in November gaming revenue compared to year-to-date trends in Louisiana and Mississippi, the analyst tells investors in a research note. While barriers to passing an iGaming bill are elevated, but the topic of discussion potentially being led by the governor gives it more validity and a welcome option to help offset any increase in the sports betting tax rate, JMP argues.\n\nDon't Miss our Black Friday Offers:\n\nUnlock your investing potential with TipRanks Premium - Now At 40% OFF!\nMake smarter investments with weekly expert stock picks from the Smart Investor Newsletter\n\n\n\nPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>\n\n\nSee today’s best-performing stocks on TipRanks >>\n\n\nRead More on GDEN:\n\nBet On It: Missouri voters say yes to legalized sports betting\nGolden Entertainment price target lowered to $38 from $39 at Macquarie\nGolden Entertainment Reports Q3 2024 Financial Results\nGolden Entertainment reports Q3 EPS 18c, consensus 7c\nBet On It: DOJ supports lawsuit alleging price fixing at Las Vegas hotels","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486079434"}