Stifel lowered the firm’s price target on Monarch Casino (MCRI) to $81 from $90 and keeps a Hold rating on the shares. After Monarch reported a 4% Q1 adjusted EBITDA beat, the firm raised its 2025 and 2026 adjusted EBITDA estimates 1% and 2%, respectively, but trimmed its price target citing macro risk and one-time litigation costs.
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