New York key to Bally’s uncertain future, analyst says

Truist Securities analyst Barry Jonas slashed his price target on Bally’s Corp. stock by one-third, from $15 per share to $10. Bally’s shares were trading at $10.31 each at the time. Jonas explained his views in an August 18 investor note. Jonas cited “mixed results” in Bally’s second-quarter earnings, along with the …