GDEN - Golden Entertainment looks attractive to B Riley and by a quant rating check
B. Riley Securities keeps a constructive view on Golden Entertainment (NASDAQ:GDEN) after the casino operator's Q3 EBITDA beat and guidance raise. The firm reiterates a Buy rating and increases its price target to $75 (+40% upside) as it points to a clear path for shares to go higher. Analyst David Bain: "Our price target is based on a 16% discount to peer trading averages, likely punitive given GDEN’s unique portfolio which we believe carries acute correlation with current and long-term secular growth drivers relative to peers. We believe management recognizes the value disconnect and is likely to repurchase shares in the relative near-term with an eye on a potential special dividend in 1H22." The Seeking Alpha Quant Rating on GDEN is also flashing Very Bullish and it ranks at the very top of the casino sector.
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Golden Entertainment looks attractive to B Riley and by a quant rating check