BUZZ-Monarch Casino & Resort rises after brokerage upgrades to 'buy', boosts PT
ReutersJan 14, 2025 4:14 PM
** Shares of Monarch Casino & Resort MCRI.O up 4% at $82.05
** Truist Securities raises rating on the stock to "buy" from "hold", increases PT to $100 from $82
** Brokerage expects co to benefit from completed renovations in Reno, Nevada and a strong balance sheet that positions it well for potential M&A activities
** Four of 5 brokerages rate the stock "hold" and one "sell"; median PT $79, according to data compiled by LSEG
** Shares up ~4.7% YTD
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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