Golden Entertainment Inc (GDEN) Raised to Buy at SunTrust Banks, Inc.

SunTrust Banks, Inc. upgraded shares of Golden Entertainment Inc (NDAQ:GDEN) from a neutral rating to a buy rating in a report issued on Friday morning.

Shares of Golden Entertainment (NDAQ:GDEN) opened at 12.14 on Friday. The stock’s 50 day moving average is $11.57 and its 200 day moving average is $12.17. Golden Entertainment has a 52-week low of $8.65 and a 52-week high of $14.07. The stock has a market cap of $269.86 million and a price-to-earnings ratio of 9.14.

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About Golden Entertainment

Golden Entertainment, Inc, formerly Lakes Entertainment, Inc is a gaming company. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. The Company’s segments include Distributed Gaming, Casinos, and Corporate and Other. The Distributed Gaming segment involves the installation, maintenance and operation of gaming devices in certain non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.

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