Jefferies Maintains Buy on Bally Technologies

Jefferies is out with its report today on Bally Technologies (NYSE: BYI), maintaining Buy.

In a note to clients, Jefferies writes, "We believe BYI's announced iVIEW DM contract with Caesars signals a critical inflection point for BYI's systems product momentum across the casino operators and supports our bullish thesis on the story, which calls for a decoupling of BYI from its competitors due to the unique value-add proposition represented by its various systems products. We view the announcement as bullish for the shares."

Jefferies maintains a $52 PT on BYI.

Shares of BYI closed Tuesday at $36.70, up 2.60% from Monday's close.