Bally Technologies (BYI +4.3%) is set to finish the day higher after Stifel Nicolaus upped the...

|About: Bally Technologies, Inc. (BYI)|By:, SA News Editor

Bally Technologies (BYI +4.3%) is set to finish the day higher after Stifel Nicolaus upped the shares to Buy earlier today with an $85 price target. Stifel sees potential synergies from its acquisition of SHFL Entertainment (SHFL), and the Street is significantly underestimating the long-run earnings power of the combined entity. The firm says its pro-forma model suggests the acquisition could be 22% accretive to its standalone FY15 BYI estimate of $4.12.