Goldman Sachs Maintains Sell Rating On BYI

Following Bally Technologies, Inc.'s (NYSE: BYI) systems user conference in California, Goldman Sachs said that is maintaining its Sell rating on the shares.

“We remain Sell rated on Bally given the structural challenges within the broader industry,” Goldman Sachs writes. “However, as indicated in our recent slot survey, Bally's systems are gaining momentum and we were further encouraged by what was shown at the conference.

“No changes to estimates or price target.”

Bally Technologies closed Wednesday at $36.18.