Truist lowered the firm’s price target on Monarch Casino (MCRI) to $100 from $105 on market wide re-rating, while keeping a Buy rating on the shares. The firm notes the company posted a solid Q1 beat on top line and margins. Trends appear stable and Truist expects similar messaging across Regionals as Q1 earnings kicks off.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCRI: