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Analysts at Credit Suisse lowered their price objective on shares of Bally Technologies (NYSE:BYI) from $75.00 to $67.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. Credit Suisse’s price objective suggests a potential upside of 2.12% from the company’s current price.

Bally Technologies (NYSE:BYI) traded down 5.75% during mid-day trading on Friday, hitting $61.84. 3,478,891 shares of the company’s stock traded hands. Bally Technologies has a 52 week low of $52.14 and a 52 week high of $82.67. The stock’s 50-day moving average is $64.90 and its 200-day moving average is $70.95. The company has a market cap of $2.386 billion and a price-to-earnings ratio of 19.29.

Bally Technologies (NYSE:BYI) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.12 by $0.02. The company had revenue of $338.40 million for the quarter, compared to the consensus estimate of $328.80 million. During the same quarter last year, the company posted $0.93 earnings per share. Bally Technologies’s revenue was up 30.6% compared to the same quarter last year. Analysts expect that Bally Technologies will post $4.39 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Bally Technologies from $73.00 to $58.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Bally Technologies from a “neutral” rating to a “buy” rating in a research note on Friday. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Bally Technologies in a research note on Friday. They now have a $87.00 price target on the stock, down previously from $94.00. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $76.00.

Bally Technologies, Inc (NYSE:BYI) is a global gaming company, which designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.

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