VICI Properties rises after Wedbush upgrades rating

VICI Properties

02/01/2025 11:34

** Gaming, hospitality and entertainment REIT VICI
Properties' shares  VICI.N  rise 1.1% to $29.53 premarket
    ** Wedbush upgrades rating to "outperform" from "neutral",
but lowers price target to $33 from $34
    ** Says VICI could see opportunities to fund redevelopment
projects from its "deep pipeline of relationships"
    ** "While the growing non-gaming portfolio has given us
pause before, we see it potentially providing an external growth
bridge until the casino transaction market picks back up" -
Wedbush
    ** Six brokerages rate the stock "strongbuy", 15 "buy" and
three "hold"; their median PT is $35 - LSEG compiled data
    ** In FY 2024, VICI had fallen 10.6%

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))