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Recommendations
Everi Holdings price target lowered to $10 from $14 at Raymond James » 08:52
06/03/20
06/03
08:52
06/03/20
08:52
EVRI

Everi Holdings

$6.70 /

+0.315 (+4.94%)

Raymond James analyst…

Raymond James analyst John Davis lowered the firm's price target on Everi Holdings to $10 from $14 and keeps a Strong Buy rating on the shares following Q1 results that were largely in-line with expectations and encouraging re-opening commentary. Davis says that while the recovery will take time, the "lights have started to come back on" and the stock is quite inexpensive with it down over 50% from pre-COVID-19 levels.

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EVRI Everi Holdings
$6.70 /

+0.315 (+4.94%)

EVRI Everi Holdings
$6.70 /

+0.315 (+4.94%)

04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/03/20 Macquarie
Everi Holdings selloff provides attractive entry point, says Macquarie
09/26/19 Macquarie
Everi Holdings initiated with an Outperform at Macquarie
EVRI Everi Holdings
$6.70 /

+0.315 (+4.94%)

EVRI Everi Holdings
$6.70 /

+0.315 (+4.94%)

Tuesday
Earnings
Everi Holdings reports Q1 EPS (16c), consensus (10c) » 16:24
06/02/20
06/02
16:24
06/02/20
16:24
EVRI

Everi Holdings

$6.70 /

+0.32 (+5.02%)

Reports Q1 revenue…

Reports Q1 revenue $113.3M, consensus $116.11M. Michael Rumbolz, CEO of Everi, said, "The significant improvement in our operating metrics in the first two months of 2020, including revenue, earnings and cash flow, demonstrates the strength in our business prior to the outbreak of the COVID-19 pandemic. Our performance during that time, which included a 21% year-over-year increase in the daily win per unit of our installed base and a 17% year-over-year increase in the total number of cash access transactions in our FinTech business for January and February, offers clear evidence of our operating momentum and contributed to the margin improvement we experienced. Since the onset of the pandemic and the resulting closure of our customers' casinos in mid-March, our attention has been on addressing the impact on our employees and their families, our customers and our Company. We acted aggressively to preserve cash and improve our liquidity position to allow the Company to achieve our long-term goals as our customers' operations begin to reopen. These actions included dramatically reducing our near-term cash burn rate, accessing the capital markets in April for an incremental $125 million term loan and amending certain financial covenants of our existing credit agreement."

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EVRI Everi Holdings
$6.70 /

+0.32 (+5.02%)

EVRI Everi Holdings
$6.70 /

+0.32 (+5.02%)

04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/03/20 Macquarie
Everi Holdings selloff provides attractive entry point, says Macquarie
09/26/19 Macquarie
Everi Holdings initiated with an Outperform at Macquarie
EVRI Everi Holdings
$6.70 /

+0.32 (+5.02%)

EVRI Everi Holdings
$6.70 /

+0.32 (+5.02%)

Options
Everi Holdings options imply 31.0% move in share price post-earnings » 15:34
06/02/20
06/02
15:34
06/02/20
15:34
EVRI

Everi Holdings

$6.55 /

+0.17 (+2.66%)

Pre-earnings options…

Pre-earnings options volume in Everi Holdings is 3.3x normal with calls leading puts 16:1. Implied volatility suggests the market is anticipating a move near 31.0%, or $2.02, after results are released. Median move over the past eight quarters is 7.6%.

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EVRI Everi Holdings
$6.55 /

+0.17 (+2.66%)

EVRI Everi Holdings
$6.55 /

+0.17 (+2.66%)

04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/03/20 Macquarie
Everi Holdings selloff provides attractive entry point, says Macquarie
09/26/19 Macquarie
Everi Holdings initiated with an Outperform at Macquarie
EVRI Everi Holdings
$6.55 /

+0.17 (+2.66%)

Over a week ago
Downgrade
PlayAGS assumed with a Neutral from Outperform at Credit Suisse » 06:18
05/21/20
05/21
06:18
05/21/20
06:18
AGS

PlayAGS

$4.80 /

+0.655 (+15.80%)

Credit Suisse analyst…

Credit Suisse analyst Benjamin Chaiken downgraded PlayAGS to Neutral from Outperform with a price target of $3, down from $24, after assuming coverage of the name. The analyst sees "multiple headwinds" to gaming technology over the short and medium term, "as slot floors shrink to make way for sports books." Further, consolidation in the casino industry diminishes suppliers' power and smaller operators continue to take share, Chaiken tells investors in a research note.

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AGS PlayAGS
$4.80 /

+0.655 (+15.80%)

AGS PlayAGS
$4.80 /

+0.655 (+15.80%)

05/08/20 Union Gaming
PlayAGS upgraded to Buy from Hold at Union Gaming
05/08/20 Deutsche Bank
PlayAGS price target lowered to $5 from $9 at Deutsche Bank
05/06/20 SunTrust
SunTrust cuts International Game, PlayAGS to Hold on recovery lag for suppliers
05/06/20 SunTrust
PlayAGS downgraded to Hold from Buy at SunTrust
AGS PlayAGS
$4.80 /

+0.655 (+15.80%)

AGS PlayAGS
$4.80 /

+0.655 (+15.80%)

Hot Stocks
Everi Holdings rises 12.4% » 10:00
05/20/20
05/20
10:00
05/20/20
10:00
EVRI

Everi Holdings

$5.96 /

+0.64 (+12.03%)

Everi Holdings is up…

Everi Holdings is up 12.4%, or 66c to $5.99.

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EVRI Everi Holdings
$5.96 /

+0.64 (+12.03%)

EVRI Everi Holdings
$5.96 /

+0.64 (+12.03%)

04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/03/20 Macquarie
Everi Holdings selloff provides attractive entry point, says Macquarie
09/26/19 Macquarie
Everi Holdings initiated with an Outperform at Macquarie
EVRI Everi Holdings
$5.96 /

+0.64 (+12.03%)

Upgrade
PlayAGS upgraded to Buy from Hold at Union Gaming » 10:06
05/08/20
05/08
10:06
05/08/20
10:06
AGS

PlayAGS

$3.83 /

-0.03 (-0.78%)

Union Gaming analyst John…

Union Gaming analyst John DeCree upgraded PlayAGS to Buy from Hold.

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AGS PlayAGS
$3.83 /

-0.03 (-0.78%)

05/08/20 Deutsche Bank
PlayAGS price target lowered to $5 from $9 at Deutsche Bank
05/06/20 SunTrust
SunTrust cuts International Game, PlayAGS to Hold on recovery lag for suppliers
05/06/20 SunTrust
PlayAGS downgraded to Hold from Buy at SunTrust
04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
Recommendations
PlayAGS price target lowered to $5 from $9 at Deutsche Bank » 07:57
05/08/20
05/08
07:57
05/08/20
07:57
AGS

PlayAGS

$3.86 /

+0.26 (+7.22%)

Deutsche Bank analyst…

Deutsche Bank analyst Carlo Santarelli lowered the firm's price target on PlayAGS to $5 from $9 and keeps a Hold rating on the shares following the company's Q1 results.

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AGS PlayAGS
$3.86 /

+0.26 (+7.22%)

05/06/20 SunTrust
SunTrust cuts International Game, PlayAGS to Hold on recovery lag for suppliers
05/06/20 SunTrust
PlayAGS downgraded to Hold from Buy at SunTrust
04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/05/20 Roth Capital
PlayAGS price target lowered to $22 from $27 at Roth Capital
Earnings
PlayAGS reports Q1 EPS (41c), consensus (7c) » 17:37
05/07/20
05/07
17:37
05/07/20
17:37
AGS

PlayAGS

$3.86 /

+0.26 (+7.22%)

Reports Q1 revenue…

Reports Q1 revenue $54.31M, consensus $69.15M. CEO David Lopez said, "(...) Our team took early steps to formulate and implement a comprehensive plan that included costs savings through Company-wide salary reductions, layoffs, and furloughs, capital expenditure reductions, and strengthening our liquidity position. Through these initial steps, we were able to reduce our estimated monthly cash outflow nearly 80% to approximately $4M, which does not include our monthly debt service costs of $3.8M." CFO Kimo Akiona added, "In addition to the operational savings and cash-saving programs that we have implemented, we have taken measures to ensure that the Company is in the best possible liquidity position given the current operating environment. These measures included drawing the full $30M under the existing revolving credit facility during the quarter and postponing substantially all capital expenditures and related projects. On May 1, we entered into an incremental agreement in which we incurred incremental term loans of $95M and obtained covenant relief on our net first lien leverage ratio for the remaining periods in 2020."

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AGS PlayAGS
$3.86 /

+0.26 (+7.22%)

05/06/20 SunTrust
SunTrust cuts International Game, PlayAGS to Hold on recovery lag for suppliers
05/06/20 SunTrust
PlayAGS downgraded to Hold from Buy at SunTrust
04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/05/20 Roth Capital
PlayAGS price target lowered to $22 from $27 at Roth Capital
Over a month ago
On The Fly
Snap, TripAdvisor downgrades among today's top calls on Wall Street » 10:14
05/06/20
05/06
10:14
05/06/20
10:14
SNAP

Snap

$17.40 /

-0.12 (-0.68%)

, TRIP

TripAdvisor

$18.22 /

-0.13 (-0.71%)

, BKNG

Booking Holdings

$1,385.89 /

-7.74 (-0.56%)

, EXPE

Expedia

$63.77 /

-0.37 (-0.58%)

, PINS

Pinterest

$17.97 /

-2.87 (-13.77%)

, NIO

NIO Inc.

$3.49 /

+0.195 (+5.93%)

, IGT

International Game

$6.91 /

-0.28 (-3.89%)

, AGS

PlayAGS

$3.71 /

-0.16 (-4.13%)

Check out today's top…

Open Full Text

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SNAP Snap
$17.40 /

-0.12 (-0.68%)

05/06/20
Fly Intel: Top five analyst downgrades
05/06/20 Citi
Snap downgraded to Sell from Neutral at Citi
04/27/20 JMP Securities
Facebook Q1 should benefit from same headwinds as Snap, says JMP Securities
04/23/20 Rosenblatt
Snap price target raised to $18 from $14 at Rosenblatt
TRIP TripAdvisor
$18.22 /

-0.13 (-0.71%)

05/06/20 Cleveland Research
TripAdvisor checks remain 'quite cautious,' says Cleveland Research
05/06/20 Deutsche Bank
Deutsche downgrades TripAdvisor on lack of confidence in travel rebound
05/06/20 Deutsche Bank
TripAdvisor downgraded to Hold from Buy at Deutsche Bank
BKNG Booking Holdings
$1,385.89 /

-7.74 (-0.56%)

05/05/20 Needham
Booking Holdings price target lowered to $1,750 from $2,000 at Needham
05/05/20 Mizuho
Booking Holdings price target lowered to $1,720 from $2,050 at Mizuho
05/04/20 Credit Suisse
Booking Holdings price target lowered to $1,790 from $1,870 at Credit Suisse
EXPE Expedia
$63.77 /

-0.37 (-0.58%)

05/05/20 Mizuho
Expedia price target lowered to $73 from $110 at Mizuho
04/29/20 Raymond James
Expedia price target lowered to $80 from $136 at Raymond James
04/24/20
Fly Intel: Top five analyst upgrades
PINS Pinterest
$17.97 /

-2.87 (-13.77%)

05/06/20 DA Davidson
Pinterest downgraded to Neutral from Buy at DA Davidson
05/06/20 Baird
Pinterest price target lowered to $20 from $23 at Baird
05/06/20 DA Davidson
Pinterest downgraded to Neutral from Buy at DA Davidson
05/06/20 Nomura Instinet
Pinterest price target lowered to $28 from $32 at Nomura Instinet
NIO NIO Inc.
$3.49 /

+0.195 (+5.93%)

05/06/20 BofA
NIO Inc. upgraded to Buy from Neutral at BofA
03/24/20 JPMorgan
NIO Inc. assumed to Underweight from Neutral at JPMorgan
03/02/20
Fly Intel: Top five analyst downgrades
03/02/20 Citi
NIO Inc. downgraded to Neutral from Buy at Citi
IGT International Game
$6.91 /

-0.28 (-3.89%)

05/06/20 SunTrust
SunTrust cuts International Game, PlayAGS to Hold on recovery lag for suppliers
05/06/20 SunTrust
International Game downgraded to Hold from Buy at SunTrust
04/22/20 Deutsche Bank
International Game price target lowered to $9 from $14 at Deutsche Bank
04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
AGS PlayAGS
$3.71 /

-0.16 (-4.13%)

05/06/20 SunTrust
PlayAGS downgraded to Hold from Buy at SunTrust
03/05/20 Roth Capital
PlayAGS price target lowered to $22 from $27 at Roth Capital
Downgrade
SunTrust cuts International Game, PlayAGS to Hold on recovery lag for suppliers » 07:40
05/06/20
05/06
07:40
05/06/20
07:40
AGS

PlayAGS

$3.87 /

-0.18 (-4.44%)

, IGT

International Game

$7.19 /

+0.085 (+1.20%)

SunTrust analyst Barry…

SunTrust analyst Barry Jonas downgraded International Game (IGT) and PlayAGS (AGS) to Hold from Buy as part of a broader gaming sector note with a view that gaming tech suppliers will lag operators in a recovery, with potentially "severe hits to revenues" coming in the near-term and some uncertainty beyond that. For PlayAGS, the analyst is positive on the company's tribal exposure and its possibility of a quicker recovery, but he is concerned over its higher relative exposure to a challenged North America gaming market while still recovering from "strategic missteps" last year. For International Game, Jonas is positive on the company's "resilient" Lottery exposure, but he sees a shrinking free cash flow generation window as increasing government budgets heighten tax risks in Italy.

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AGS PlayAGS
$3.87 /

-0.18 (-4.44%)

05/06/20 SunTrust
PlayAGS downgraded to Hold from Buy at SunTrust
04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/05/20 Roth Capital
PlayAGS price target lowered to $22 from $27 at Roth Capital
08/12/19 Jefferies
PlayAGS shares offer 'meaningful upside' after selloff, says Jefferies
IGT International Game
$7.19 /

+0.085 (+1.20%)

05/06/20 SunTrust
International Game downgraded to Hold from Buy at SunTrust
04/22/20 Deutsche Bank
International Game price target lowered to $9 from $14 at Deutsche Bank
03/05/20 Argus
International Game downgraded to Hold from Buy at Argus

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