- Macquarie analyst Jordan Bender upgraded Accel Entertainment Inc ACEL to Outperform from Neutral with a price target of $17, up from $15, implying a 32% upside.
- Bender said the shares now trade at 6.4 times the estimated 2023 EBITDA, a valuation that does not reflect Accel's "stable fundamentals and near-term potential catalysts."
- The analyst believes that outside of state-imposed closures, distributed gaming could be one of the safest ways to play the gaming industry in 2022.
- Gaming has "proved to be one of the healthiest Covid sectors," but within this, video gaming terminals in Illinois "have been the shining star," said Bender.
- Price Action: ACEL shares traded higher by 2.38% at $12.89 on the last check Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|