Accel Entertainment initiated with a Buy at Texas Capital

Texas Capital initiated coverage of Accel Entertainment (ACEL) with a Buy rating and $17 price target The firm views Accel as an underappreciated gaming operator. The company’s hyper-local, variable-cost operations position it better against an economic downturn relative to most regional casinos, the analyst tells investors in a research note. Texas Capital says the stock’s current valuation is “undemanding.”