Deutsche Bank Securities Reiterates its HOLD Rating on Bally Technologies, Target Price Raised

October 29 00:00 2011

NEW YORK, October 29 ( – Analysts at Deutsche Bank Securities have reiterated their HOLD rating on the shares Bally Technologies (NYSE: BYI). The target price has been raised from $34 to $36.

In a research note published on October 27, analysts at Deutsche Bank Securities mention that HOLD rating is reiterated despite having results and outlook better than expected.   Bally Technologies has hurdles to overcome including negative investor’s sentiment and  supplier space, the analysts say. The analysts keep a watch on the company’s profitability of current system initiatives, effect of gaming operations on top line drivers such as Aqueduct & WAP titles, and the ability to maintain price integrity.