Truist analyst lowers gambling-stock price targets amid economic concerns
Truist Securities analyst Barry Jonas lowered his price targets for gambling stocks in an investor note dated 23 April 2025. He favoured companies with stable cash flow, including Vici Properties and Gaming & Leisure Properties, and retained Buy ratings on Caesars Entertainment and MGM Resorts International. Jonas also cited risks for online betting, including weaker handle, possible state tax increases and prediction markets.
Operators and investors face lower valuations and potential pressure from economic conditions, taxes and prediction markets.