Brean Murray Carret & Co. Lowers PT On BYI To $43

Brean Murray Carret & Co. has lowered its price target from $51 to $43 on Bally Technologies BYI but is maintaining the stocks Buy rating in light of the company's latest guidances. Says Brean Murray Carret & Co., in its report, “We believe management's guidance for FY12 of ‘at least $2.15' will prove conservative, and we are reiterating a Buy rating on the stock.” BYI closed yesterday at $28.92.