Full House Resorts price target lowered to $6 from $7 at JMP Securities

JMP Securities lowered the firm’s price target on Full House Resorts (FLL) to $6 from $7 and keeps an Outperform rating on the shares following a miss in Q3 with a “slow start” in Chamonix. Despite the slow start in Colorado, the firm believes American Place highlights the company’s ability to gradually improve EBITDA as it builds the player and revenue base at the property and believes both properties “still have a multi-year growth trajectory ahead,” the analyst tells investors.