Bally’s price target raised to $20 from $10 at Stifel

Stifel analyst Jeffrey Stantial raised the firm’s price target on Bally’s (BALY) to $20 from $10 and keeps a Hold rating on the shares. Bally’s reported a mixed Q3, says the analyst, who adjusted the firm’s model compositionally with 2025-27 adjusted EBITDAR intact. The firm plans to publish a full pro-forma model ahead of Q4 earnings, the analyst noted.