Monarch Casino & Resort rises after brokerage upgrades to 'buy', boosts PT
14/01/2025 16:14
** 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))