Accel Entertainment price target raised to $14 from $13 at Citizens

Citizens analyst Jordan Bender raised the firm’s price target on Accel Entertainment (ACEL) to $14 from $13 and keeps an Outperform rating on the shares. Accel Entertainment beat EBITDA expectations in Q4, and the company remains optimistic with the Illinois Gaming Board now taking applications for gaming machines in Chicago, though the rules and regulations are still needed for the final approval, the analyst tells investors in a research note. Accel is likely ready to hit the ground running if the ordinance passes, the firm says.