Monarch Casino & Resort rises after brokerage upgrades to 'buy', boosts PT

Monarch Casino & Resort

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))