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Golden Entertainment downgraded to Hold from Buy at Truist

Truist downgraded Golden Entertainment (GDEN) to Hold from Buy with a price target of $34, down from $36. Truist had expected 2025 to see an inflection to some EBITDA growth year over year, but the firm now expects a -4% contraction for the year, the analyst tells investors in a research note. The firm also sees “limited” M&A upside from here.

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