Everi Holdings (EVRI) PT Raised to $13 at Stifel

Stifel analyst Brad Boyer raised the price target on Everi Holdings (NYSE: EVRI) to $13.00 (from $11.00) while maintaining a Buy rating following results.

• evidence of sustained strength across both of the company’s primary operating segments, as conveyed through management’s updated 2019 guidance.
• Furthermore, based upon the guidance projections, we believe EVRI should be able to make material headway in reducing its leverage in 2019, an outcome that we believe should allow for meaningful multiple expansion from the current sub-7x level.

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