Wells Fargo downgraded Golden Entertainment (GDEN) to Equal Weight from Overweight with a price target of $30, down from $34, after the company announced a definitive agreement to sell its operating assets to Blake Sartini and affiliates and seven of its casino real estate assets to VICI Properties (VICI) in a sale-leaseback transaction.
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Read More on GDEN:
- Golden Entertainment downgraded to Hold from Buy at Texas Capital
- Golden Entertainment to be acquired by Blake Sartini, enters leaseback with VICI
- Golden Entertainment reports Q3 EPS (18c), consensus 0c
- Golden Entertainment Announces Asset Sale to VICI Properties
- Golden Entertainment price target lowered to $25 from $30 at Truist