Jefferies analyst David Katz believes last week's 52% post-earnings selloff in shares of PlayAGS is overdone. The analyst lowered his price target for the shares to $20 from $27 and keeps a Buy rating on the name. While the nature of the outlook cut should reset both estimates and valuations "for an extended period," the shares at current levels are attractive, Katz tells investors in a research note titled "Horror Week on the 4:30 Movie." His discussions with industry sources and management suggest that the critical product issues for PlayAGS are more likely to slow growth rather than turn it negative. And the market is presently pricing in approximately no growth for PlayAGS and applying a 5.5 times multiple on EBITDA, says Katz. He keeps a Buy rating on the shares.