Bally’s price target lowered to $15 from $18.25 at Truist

Truist lowered the firm’s price target on Bally’s (BALY) to $15 from $18.25 and keeps a Hold rating on the shares. The company’s Q1 EBITDAR was down 8% y/y, but its results were in line with consensus, the analyst tells investors in a research note. Truist adds that it sees potential upside from the Queen, Chicago and Tropicana, though the firm also remains at Hold on execution risks, leverage and liquidity concerns.