Full House Resorts price target lowered to $4 from $5 at Citizens JMP

Citizens JMP lowered the firm’s price target on Full House Resorts (FLL) to $4 from $5 and keeps an Outperform rating on the shares. Full House Resorts beat on revenue and EBITDA in Q3, with revenue in Colorado increasing 7% and trends improving following several tweaks to management at the property, the analyst tells investors in a research note. The ramp up of operations in Colorado will be the most crucial element of the Full House Resorts story, assisting the overall company in reducing leverage as it advances through construction, Citizens says.