Citizens JMP analyst Jordan Bender lowered the firm’s price target on Golden Entertainment (GDEN) to $35 from $36 and keeps an Outperform rating on the shares. Companies with regional gaming exposure should expect to see a solid quarter, highlighted by overall revenue growth across these divisions, the analyst tells investors in a research note. The 4% revenue growth and 2% spend and visitor growth in Q2 came during a time when land-based gaming faced macro uncertainty with risk around tariffs, yet the thesis “regional gaming is resilient” played out during the quarter, Citizens argues.
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