RBC Capital lowered the firm’s price target on Gaming and Leisure Properties (GLPI) to $53 from $54 and keeps an Outperform rating on the shares. The company’s Q2 results and guidance were in line with the firm’s expectations, while RBC’s initial concerns around the lack of a parent guarantee on the Casino Queen assets were assuaged on the earnings call, the analyst tells investors in a research note. The management also sounded more optimistic than normal about near-term deal activity, RBC added.
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