Wells Fargo lowered the firm’s price target on Golden Entertainment (GDEN) to $34 from $36 and keeps an Overweight rating on the shares. The firm notes Q2 EBITDA of $38M was in line with consensus as strong operations at Locals offset slower visitation at the STRAT. Wells stays constructive given reasonable valuation, stabilizing fundamentals in Q4/2026, positive legislation, and share repurchase.
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