Bally’s price target lowered to $13 from $18 at Truist

Truist analyst Barry Jonas lowered the firm’s price target on Bally’s (BALY) to $13 from $18 and keeps a Hold rating on the shares after releasing its 10K filing. The firm continues to see limited liquidity, elevated leverage and international risks, also including the new Bally’s Intralot estimates “at the low end”, the analyst tells investors in a research note.