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Bally’s Downgraded as Analyst Sees Investment Cycle Trying Investor PatienceWritten by: Todd Shriber

Shares of Bally’s (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on the Rhode Island-based gaming company to “hold” from “buy” while cutting his price target on the stock to $38 from $54, implying only
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